RANDY KOONCE Conf. Call Notes: Thurs., MARCH 21 - BILL T. NOTES - 03/22/2013

[ronscarpa]

RANDY KOONCE Conf. Call Notes:  Thurs., MARCH 21 - BILL T. NOTES - 03/22/2013

 

(Thanks ES for emailing this to Recaps)

Bill T did a good job of taking notes during Randy’s conference call, yesterday.


--STILL GREAT WINDOW.  RANDY THINKS THE RV WILL HAPPEN AROUND THE END OF MARCH, 2013.

--AASUME THINGS ARE APPARENTLY GOING AS PER AGREEMENT WITH MALIKI, GIVEN NO MAJOR NEWS ON THROWING MALIKI OUT.

--MALIKI HAS 6 TO 9 DAYS ,UNTIL MARCH 27TH TO MARCH 30TH TO DO ALL HE HAS BEEN ASKED. IF NOT THEN THEY WILL THROW MALIKI OUT.

--SO AROUND SATURDAY/SUNDAY , MARCH 29TH/30TH AND PERHAPS A FEW DAYS FROM THERE, FOR AN RV, OR A WEEK OR SAY MORE IF MALIKI  IS THROWN OUT.  POTENTIALLY MALIKI COULD HAVE 10 DAYS TO APPEAL ANY DECISION, BEFORE AN RV IS HE IS THROWN OUT.  AGAIN, RANDY SAYS VERY LOW CHANCE MALIKI WILL SUBJECT HIMSELF TO BE THROWN OUT.

--EXXON AND ALL OTHER OIL COMPANIES ARE QUIET...SO ALL IS WELL
HERE...OTHERWISE OIL COMPANIES WOULD "WALK".

--IF MALIKI DOESNT DO WHAT HE NEEDS....THEN LOOK FOR LOTS OF "THROW MALIKI OUT INITIATIVES";  RANDY THINKS MALIKI WILL HUGHLY LIKELY  TO STAY...BECAUSE HE REALLY, REALLY  WANTS TO HAVE A CHANCE TO RUN FOR PRIME MINISTER AGAIN SOME DAY.

--BREATH...WE ARE THERE.  RANDY LIKES POSITION OF 6TO 9 DAYS OUT,

29/30/31 MARCH, SATURDAY/SUNDAY/MONDAY

--ESSENTIALLY,  ALL IS THE SAME AS RANDY'S VIEW TWO WEEKS AGO
VIEW....BUT THE TIME APPEARS TO HAVE DRIFTED APPROXIMATELY A WEEK OR SO LATER THAN ...STILL WITHIN MARCH.

--MANAGED FLOAT; 2% FLUCTUATING AT MOST OVER NEXT 90 DAYS.

--RATE WILL BE $3.41.....NOT $7 ++ AS OTHERS ARE SUGGESTING;  1 STEP
RV...NOT A TWO STEP RV.

--$32.50 A BARREL; IRAQ ONLY GETS $2 DOLLAR/BARREL TO USE IN ANNUAL BUDGET; REST GOES TO KUWAIT (5%) AND REMAINDER GOES TO TRUST ACCOUNT FOR IRAQ WHEN THEY GET OUT OF CHAPTER VII.

--OFFICIAL OIL SHIPMENTS ARE AROUND 1.8 BILLION BARRELS/DAY....NOT 2.6 MILLION BARRELS/DAY.  PURE IRAQ PROPAGANDA ON BIGGER NUMBERS.

--89.1 BILLION DINARS IN 2012 BUDGET; DIVIDED BY $26.1 BILLION USD In
2013 BUDGET , EQUALS  $3.41 RATE IS THE MINIMUM RV RATE TO MAKE THEIR BUDGET.

--$32.5 DIVIDED $3.45 IS WHAT US IS PAYING IN TODAYS DINAR RATE.

--RANDY BELIEVES THAT YOU CAN GET SELL RATE FROM BIG BANKS, AS BANKS DESPERATELY WANT YOUR MONEY...AND YOU CAN NEGOTIATE NOT TO TAKE YOUR EXCHANGE  THE "BUY" RATE OF 10 TO 15% LESS. (COMMISSION).

--ALL CURRENCIES WILL LIKELY BE TAXED AT THE NEW OBAMA RATE OF 20% LONG TERM CAPITAL GAINS RATE;  POTENTIALLY PLUS OBAMACARE TAX...RANDY WASN'T SURE ABOUT WHETHER OBAMA TAX IS INCLUDED, OR EXTRA.

--ERBIL, POWER SHARING,  ALLAWI, SECURITY MINISTERS, ETC ARE ALL PART OF THE DEAL WITH MALIKI;, ALSO SHABIBI BACK AT CBI.

--RANDY POO-POOED WANG DANG (WD) SAYING WD IS SIMPLY WRONG ON 2 STEP RV AND WRONG ON $4.20.

--WELLS FARGO IS GOING TO DO THE RV CASH IN; REGARDLESS OF WHAT THEY SAY; WF NOW SAYS...."IF IT HAPPENS WE WILL DO IT".....AND THEY ARE NO LONGER SAYING OUR CURRENT POLICY IS THAT WE ARE  NOT IN THE IRAQI DINAR BUSINESS.

--KUWAITI  DINAR IS $4.04 SELL RATE; APPROX $3.58 BUY RATE.

--MOVE MONEY OUT OF DINAR CURRENCY; DONT HOLD IN DINAR...WHO KNOWS HOW VOLATILE IRAQ AND ITS CURRENCY CAN BE;  THINK AUSTRALIAN $; CANADIAN $; AND SWISS FRANC,

--TAX DEFERRED TRUSTS; LOOK INTO THAT...GOOD IDEA

--SOME TRUSTS ARE EXEMPT: BUTNMOSTLY RELIGIOUS

--A GOOD TAX LAWYER WILL BE YOUR BEST FRIEND; GET ONE

--IRAQ CAN'T GET BIG DINAR BILLS OFF THE STREET WITHOUT THE RV

--NEW NEWS:  On DECEMBER 29TH, 2012, MALIKI GAVE  BARZANI THE DISPUTED OIL AREAS ; IN TURN, BARZANI GAVE MALIKI THE RIGHT TO ANNOUNCE RV AND INFRASTRUCTURE (WHEN MALIKI WANTS, BUT BEFORE END OF MARCH, 2013) BEFORE ERBIL AND POWER SHARING;

--WELLS FARGO, AND OTHER BANKS, TO GUARD AGAINST COUNTERFEIT, MAY ONLY GIVE CREDIT FOR THE FIRST 50% IN FIRST DAY; THE OTHER 50% IN TWO DAYS.

--RV HAS TO HAPPEN BEFORE THE BUDGET WILL OPEN; BUDGET NOW IS IN
CURRENT VALUE OF DINAR;   IRAQ HAS TO HAVE TO DO AN RV TO MAKE THEBUDGET WORK WITH HIGHER VALUED DINAR. THIS IS WHY EARLIER BUDGETS DIDNT GET OPENED IN PREVIOUS YEARS;  MALIKI COULDN'T GET AN RV DONE ON HIS NO POWER SHARING TERMS.

--ONCE RV IS DONE; THEN CHAPTER VII WILL BE RELEASED, AS IRAQ ONLY
WANTS TO PAY THEIR DEBT IN NEW DINAR VALUATION.

--ONLY 6 to 8 ATMS ARE IN IRAQ, AS THEY DONT YET HAVE THE BUDGET TO
BUY THE 500 ATMS BEING BRAGGED ABOUT. NEED RV.

--EGYPT $5 BILLION AND KUWAIT $500 MILLION, WILL ONLY BE PAID IN
REVALUED DINAR, THUS THE END OF MONTH/APRIL 1ST, DATES BEING DISCUSSED FOR THESE PAYMENTS.

--ALL ARROWS POINT TO LAST  WEEK OF MARCH; COULD IT TAKE A FEW MORE DAYS...SURE....BUT HE DOESNT BELIEVE IT WILL GO BEYOND END OF MONTH.

--IT DOESNT MATTER WHETHER MALIKI STAYS, UNDER THE DEAL STRUCK...OR WHETHER MALIKI  LEAVES. WE WILL STILL GET AN RV.

--RANDY SAYS THAT PARLIAMENT WAS MOSTLY DELAYED OVER THE LAST WEEK AS A RESULT OF A VERY BAD (SUNNI  VS SHIITE) FIGHT IN PARLIAMENT USING CANES TO BEAT EACH OTHER; PEOPLE WERE REALLY HURT, AND EMOTIONS WERE REALLY RUNNING HIGH...

--DONG WILL BE GOOD WHEN IT GOES; BUT NOT LIKELY FOR A YEAR; RELATED TO CHINA RELEASE DECISION.

--RV DOES HAVE TO BE DONE BEFORE CHAPTER VII CAN BE RELEASED.

--JACK LEW HAS NOTHING TO WITH RV.

--NO ONE CASHING OUT IN IRAQ OR RENO YET;  DONT BELIEVE THE STORIES TO THE CONTRARY; EVERYONE WILL CASH OUT AT THE SAME TIME.

--GIVE BUSH 43, CHENEY, AND BREMER CREDIT FOR DINAR; THEY ARE THE
DINAR HEROES, NOT CONGRESS AND NOT OBAMA.

--US CONGRESS KNOWS ABOUT DINAR; THEY WILL USE THE DINAR MONEY TO COVER UP THE GOVERNMENT EXPENSE PROBLEM AND OBAMA CARE MAJOR EXPENSE COMING OUR WAY...SO THIS IS THE REASON FOR CONGRESS OR OBAMA NOT TO PANIC ON BUDGET NEGOTIATIONS.

--MOST NEWS IS REALLY OLD NEWS IN IRAQ (EXCEPT FOR BOMBINGS);  LOTS BEING DONE BEHIND THE SCENES, AND IN BLACKOUT MODE.  MOST PRINTED ARTICLES  ARE POLITICAL PRESS RELEASES ARE FOR UPCOMING APRIL ELECTIONS

--MALIKI WAS TURNED DOWN FOR RV IN OCT 2012; HE WAS TRYING TO DO RV WITHOUT ERBIL AND THE US AND UN SAID NO. THIS TIME AROUND ERBIL IS PART OF THE DEAL AND US SAID YES.

--RV BEFORE NATIONAL MEETING, AS LARGEST MALIKI AGREEMENT BETWEEN MALIKI AND BARZANI WERE SIGNED ON DEC 29TH , 2012.

--NATIONAL MEETING AFTER RV, BUT JUST TO CELEBRATE AND ANNOUNCE ERBIL, NEW GOI, ETC

--NO DISCUSSION ABOUT TALABANI, OTHER THAN BARZANI

--ALL TALK ABOUT DIFFERENT WAYS OF NULLIFYING MALIKI OR THROWING
MALIKI OUT, ARE "TRUST BUT VERIFY" AND WARNINGS TO MALIKI, JUST IN
CASE MALIKI RENEGS AS PER HIS HISTORY.

--RANDY LIKES WHERE WE ARE AND HE STRONGLY BELIEVES WE ARE AT THE END OF THE ROAD;  RV NEXT.  BREATHE!!

Edited March 23, 2013 by Markinsa
Removed Link

[gymrat76541]

Oh I REALLY, REALLY wish all this is true.

I am in this investment for the long haul & it has been all that & more.

Emotionally I feel drained. GO RV

[coorslite21]

Thank you Ron......always enjoyable to see what you are reading......

[KiaKaha]

Thanks, Ron... outta +, I owe ya...

 

KK

[Bruce V]

Wish this was all true as well. If the budget is revealed Without a new rate.... then what?? Just can't be that simple?

[The Machine]

--SO AROUND SATURDAY/SUNDAY , MARCH 29TH/30TH AND PERHAPS A FEW DAYS FROM THERE, FOR AN RV, OR A WEEK OR SAY MORE

......... Oh just pick a day and stick to it, yer full of BS anyway

[sandfly]

I LIKE THE RATE 3-7$

[army03]

Nice read.

[kjwayne]

I like it! Show me the money!  

[aliciadogz]

Thanks Ron,For the Headlines.

[Lutie]

Thanks, Ron... outta +, I owe ya...

 

KK

I gave him one for you.

[OZmosis]

Very interesting chat.  Just wish it was a news item with official CBI letterhead.  Nevertheless, some nice thoughts to sleep on.

[kym13194]

 Thanks Ron great read and hope we are nearin the end of this ride, but still like to hear Adam tell us that it's as close as it sounds.   GO RV

[ronscarpa]

Thanks everyone for your positive remarks....!

I believe he did a good job in summarizing where we really are and the possibilities before us.

 

Be Blessed & have a great weekend.

RON   

I gave him one for you.

 

Thanks Lutie, I gave you one back for your kindness   ..... RON   

[KiaKaha]

I gave him one for you.

 

Thanks, Hun! Gotcha back!

 

KK

[BKD]

Hope this is true. go rv!

[EC429]

I still like the 42 dollar rate.  What I don't understand is we have much information regarding how rich in assets Iraq is but he is saying not to hold any dinars.  Has anyone considered keeping any?

[RVPleaseToday]

1.8 Billion Barrels of oil a day!!!!!!!!!!!!

 

OMG, build an ark! We'll be drowning in the stuff soon.

 

150 days and they are tapped out!

Edited March 23, 2013 by RVPleaseToday

[hame55]

I LIKE THE RATE 3-7$

I think there are two ways - go low at .10 to .30 cents, or go it in one fell swoop - at $3 or so (like an RI)

If they start low and float, then people might buy in - maybe they want that. They'll do it in stages, making money on each stage.

It would be easier to manage for their economy, it seems, to come out at one rate - keep it simple.

 

But my gut tells me they will start out low, make us cash out, then go for the big money to $3

[umbertino]

In my ( big) ignorance I'll state once again that in my super humble opinion the higher the rate the higher the chance of a castration of 3 zeros.

[dontlop]

1.8 Billion Barrels of oil a day!!!!!!!!!!!!

 

OMG, build an ark! We'll be drowning in the stuff soon.

 

150 days and they are tapped out!

I THOUGHT YOU WERE RELATED TO THESE GUYS

[az66]

It's all in Gods hands! So we wait and watch. I had at one time planned on splitting mine up in 3 cash ins and would be very content with a 1-1 any thing more is a blessing to my faimly and the charities we plan on giving to but I am at the point take what they will give diversify and secure for what may happen in the long run.

So as a coulple of wise men I once new would say paitence, persistance and price to get the best deals in life and keep your chin up don't let things you can't control drag you down. It sounds like we may be getting closer to the end.