What Swami said

Had a look on Twitter and nearly wet myself at laughing. That Swami sure is desperate to down ramp EXR (and most other stocks I'm on)

Lets dedicate a thread to the cynics...

Swami says, you can't drill in winter in Mongolia

Fact; It gets cold and the drillers may not enjoy it but you can 100% drill in winter in Mongolia. EXR are not the first to drill there. AKM, TER and XAM are about as far as you need to look to know this is BS

Swami says drilling in minus 18 where diesel will freeze is troublesome

Fact; Diesel pour point falls in the range of -6 to -18 degrees C however additives extend this. Somehow they manage to run diesel vehicles in Russia, Canada etc etc.... this also sits in the firm BS category

Swami says getting rid of brackish water is an issue.

You won't find water in the Gobi that is not brackish. All aquifers are saline and very few suitable for pastoral use. The water likely to be encountered by EXR will almost 100% be brackish. The coal miners in the region go to great lengths to secure brackish water to wash their coal. It's likely that they would take or perhaps even pay for any associated water that EXR produce. If not there are countless options to deal with it. It's a desert so obviously short of water and any spare water will be in demand. Like the QLD projects you either put it in lined evaporation ponds, amend it for pastoral use or treat it via RO to make it high quality water..... the claims that it is a problem are BS

Swami says STO and ORG wrote down billions in CSG assets

Fact; they did a few years back however check the recent financials. The QLD CSG assets will make billions for both STO and ORG for decades. The cost of production drops every year... more BS

Swami says China and Korea were offered the ground in Mongolia

Can't really dive into this. No substance to even debate. Korea (KOGAS) done some R&D at TT, that's all. Mongolia never even had the framework to support CSG investment until a few years ago

Essentially the guy is a troll but let's give him an audience. The claims he makes are those of a desperate dude. Please post them if anyone see's them and we can debunk them one by one.

I think it's important that all invested understand that EXR is a speculative play. They may not make a major gas discovery. The early indicators suggest they have good odds of doing so but there is no warranty. We sit at $25mc, were it to be a sure thing then the MC would be several hundred million at least. It's not because there is a chance they fail to define a commercial gas deposit but lets try and keep somewhat glued to the facts.

The fact is this guys has zero credibility and a massive chip on his crusty old shoulder