StillWaiting for the , any day now!!!!!!!!!!!!
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Nice work Crookedneck, Mr. Jones is gonna get'r done. He's on a Mission, God Bless Him.
CDNL
CAMWATER AND CARDINAL RESOURCES
MAY 26, 2017 CARDINAL RESOURCES CDNL LEAVE A COMMENT
logo and tagline
https://cardinalresourcesblog.wordpress.com/2017/05/26/camwater-and-cardinal-resources/
Introduction and Background
As we’ve previously shared, Cardinal Resources original and still existing $28.8 million contract with CAMWATER was put on-hold when the US Export Import Bank lost its authorization and then when reauthorized, has been limited to transactions under $10.0 million. Initially Cardinal Resources pursued other financing including development banks and potential shifting production to a third country that could provide Export Credit Agency (ECA) support.
Concurrently, we began preparation of the newly required by Cameroon Dossier to cover all the sites under the original contract. This revenue generating activity, created a report which completed s Feasibility Study, Environmental Assessment, Economic Analysis, and Cost-Benefit Analysis on a community by community basis.
After much discussion with CAMWATER a decision was made to keep the existing contract in place and develop a new Supply Contract that could be funded by the US Export Import Bank under the current limits. Initially agreed upon in 2016, modifications were requested to the contract to incorporate new smartcard/token water payment technology, expand distribution and address tax issues.
In February of 2017, decisions were reached on the modifications to contract and the acceptance of the Dossier. Meetings were held in March and April concerning the financing of the contract which included the submission of term sheets from two banks to act as the mandated bank for the project. Trips in March and April to Cameroon were delayed based on travel schedules. At the first of May, we traveled to Cameroon based on the request of the Ministry of Water (MINEE) to meet and move the project forward.
Beginning May 2nd meetings were held with CAMWATER and the appropriate agencies to resolve the remaining tax issues based on changes to the Cameroon laws, and to lock in the Tax regime for the duration of the contract. On May 5th, the new Supply Contract was signed and endorsed by CAMWATER and Cardinal Resources. On May 8th the Contract, Dossier, and the financing Term Sheet was formally transmitted to the capital for final action.20170505_155502
The New Supply Contract
While similar to the original contract, the U.S. Export Supply Contract, Five Communities, Providing Goods and Services to Assist CAMWATER in Providing Clean Drinking Water Throughout Cameroon is separate from the original contract and different in some key areas. The contract with a value of $9,417,615 covers the following communities in Cameroon.
Table 1
Proposed Community Water Treatment Systems
Community Number of CRB-20 Systems Number of Solar Pumping and Disinfection Systems Number of Highland Tanks
Sud Region
BENGBIS 1 1
BIWONG BANE 1 1 1
Centre Region
ENDOM 2 1
NGOG MAPUBI & BOUMNYÉBEL 4 2
Under the contract, Cardinal Resources is providing the following goods and services to CAMWATER:
– 8 Community Red Bird Systems -20 (CRB-20) for water treatment, (US Origin)
– 1 Solar Powered Pumping and Disinfection System (US Origin)
– 5 HighDro potable water tanks (US Origin)
– 3 Solar powered booster pumps (US Content)
– 1 Mobile Laboratory (US Origin)
– 1 Field monitoring team vehicles (US Origin)
– 5 Water kiosk stations (US and Danish Origin)
– 50,000 meters of water distribution piping, and fittings (US origin)
– Installation of the water distribution system (US, and Local Content)
– Geotechnical sampling, environment survey, and site layout for 5 locations (US and Local Content)
– Site foundation, source development, and preparation work. (US and Local Content)
– Assist and supervise the construction and installation of the goods. (US and Local Content)
– Initial and on-going Operator training and support (US and Local Content)
Cardinal Resources is providing each community a water utility including the source supply, the treatment, the storage of clean water, the distribution of the water and the means to collect fees for the water based on usage. With the addition of a mobile laboratory, service vehicles and spare parts, we are helping give CAMWATER the additional infrastructure to support the local community.
The Dossier
The Dossier process, which came into being after the signing of the original contract, is a tool that Cameroon is using to focus their funding resources to projects that are feasible, address environmental impacts associated with the project, are strong economically and provide a positive Cost-Benefit Balance. Originally completed for the communities in the original contract, it was adjusted for the new communities. As shown in the report, this contract delivers to the people of Cameroon:
Social-economics benefits ranging from $27 million USD to $270 million.
Benefits that exceed the costs by year 3, and continue to grow reaching over 8 times the costs by year 15.
Potential GDP growth through improved economic efficiency and business growth.
Immediate jobs in the implementation of the system.
Long-term jobs for system operators, maintenance, and financial managers.
On-going training and technical support in sustainable water systems.
A transparent and manageable system for water payments and rate recovery management.
Progress in meeting the Kyoto Protocol through the use of solar energy.
Further, independent analysis of the Cardinal Resources approach by CAMWATER to more traditional approaches showed a much stronger benefit opening the door to more projects as this Supply Contract is underway.
Next Steps
With the new commercial contract, accepted Dossier, and the acceptance of the terms for the 100% financing our next steps in the process are:
Development of the definitive finance documents between the Mandated Bank and the Republic of Cameroon.
Approval of the loan guarantees by the U.S. Export Import Bank.
As the exporter of record Cardinal Resources is involved in the process but the main activity is now between the Mandated Bank, MINEPAT, and the U.S. Export Import Bank.
In June, a Cardinal Resources team will return to Cameroon with the objectives of:
Issuing RFPs to pre-qualified local subcontractors for site preparation and distribution installation
Begin the process of registering Cardinal Resources of Cameroon
Meeting with local community officials to determine the final locations for the treatment systems and preliminary distribution plans
Meeting with CAMWATER, MINEE, and MINEPAT.
Filing the contract with the Department of Public Works.
CDNL will deliver before Trump gets impeached.LOL
CDNL
Here you go; “Eltron R&D provides the laboratory space, the chemists and the material scientists, that complete
the needs of our partners in Israel” says Josh Alper “I will be back in Israel next week to finalize our
first technology sharing agreements” BLDV will be moving their corporate headquarters into the
Eltron space in Boulder in July 2017, joining Cannabis Clean as part of the agreement.
I like this tweet, Sounds positive; "I appreciate the patience. May has been a storm of work load (good) and non-work issues (life). However work has continued to move forward".
https://twitter.com/krjcardinal/status/867390424960380928
Sounds like we should have some good News.
------------
KJ says there will be an update out this week. https://twitter.com/krjcardinal/with_replies
© 2017 InvestorsHub.Com, Inc.
CDNL
Thanks for the links. MMEX has all the requirements, location/supply/location.
https://www.linkedin.com/in/denis-ding-a2675890/
MMEX
Who wouldn't want to finance. This is a no brainer. Everybody want's to through Hanks under the bus, but the truth is he put His stake in first.
The land/location is the river card.
Sitting Pretty/Long, Hanks not riding his first bull.
Yeal I know, what about Guatemala, well from what I've read the Natives said "not in my backyard".
The backers are not buying Hanks, like I said "Hanks will be in the backseat.
Is there anyway that a refinery in that location would not make money.
3. Getter done
https://www.linkedin.com/in/denis-ding-a2675890/
© 2017 InvestorsHub.Com, Inc.
If it was me and T. Boone didn't answer-up, I'd hitch down the road to Crawford and ask the Bush Brothers, if they would like to have a Refinery named/dedicated in your dad's Name.
Location
Supply & demand
"Exactly 5 cents is a much more realistic target...nickel first then a dime"
Daddy just for your birthday, Hubert Sr.
MMEX
That's a perfect ex. of; "the eye of the beholder".
One people one planet.
~~~~~~~~~~~~~~~~~~~~~~
"Sheesh. While I like charts, where pennies are concerned I don't think any but the most basic indicators are useful. The stocks aren't consistently liquid enough for any of that stuff to be meaningful.
© 2017 InvestorsHub.Com, Inc."
MMEX
Boy 'O Boy, BLDV must be going to 3.00bucks a share. Never seen so many Saints trying to save me From Myself.
When this puppy gets his legs they'll be off to save some other poor soles.
I have plenty of time while enjoying the product and it's rewards.
BLDV, it's only taken 50 years to get this far and we're looking to ride the new kid in town. Imagine when the whole Country wakes-up.
My Grandkids will be living in a healthier World,
The Next Woodstock is coming.
BLDV
That's what I'm thinking. eom MMEX
"Location! Location! Location!"; Refinery and office. Win Win.
The refinery's location probable set's the balance in favor of receiving funding.
Like Hanks said, financing was popular.
MMEX
I wouldn't be surprised to see T. Boone to be heavily involved in MMEX
once the time is right.
Nice Crudeoil, gave me a warm fuzzy feeling and I bet sends a Chill down the spine of the naysayers.
T. Boone could put MMEX in his backpocket.
Nice to see you here, respect your posts.
~~~~~~~~~~~~~~~~~~~quote~~~~~~~~~~
T. Boone Pickens > The association is very good. Mr. Ding of Eagle Equities LLC is providing MMEX funding. MMEX is the real deal. Ding has worked in the energy industry for over 20 years, with the last 18 years associated with the legendary oil tycoon, Mr. T. Boone Pickens.
Mr. Ding was born and raised in Hong Kong. Mr. Ding received his Mechanical Engineering degree from University of Waterloo, Ontario, Canada. Mr. Ding is a registered Professional Engineer and held several patents in the oil and gas industry.
In 1997, Mr. Ding joined one of the most successful natural gas transportation company, founded by Mr. T. Boone Pickens. Studying under Mr. T. Boone Pickens for over 18 years, Mr. Ding has developed a kin interest in the energy business, explored the dynamic of how technology advancement is changing the entire energy landscape and presented some of the best investment opportunities.
MMEX
"in the Millionaire club"=Shareholders who own more than a Million shares.
MMEX
Thanks, I've been here for a while, in the Millionaire club.
Just don't post much, back to lurking.
MMEX, in for the WIN
New office/building particulars; https://www.weichert.com/69594366/
MMEX
You got to Pay to Play
You got to pay to play
Patience People, the Oil ain't going nowhere and either am I.
What did Buffet say, "sell now and loose your ass" something like that.lol
CEGX
thanks. eom
address, please. eom
Used all my powder here yesterday. Wish I could.
CEGX
yep, cheapies are going fast. Yesterday (as you know) a couple of inpatient holders sold out about 15mm and the pps suffered, now we are slowly walking back up.
There was a map of where the hottest oil is most likely in the premian area
and CEGX leases are in the local vicinity, Going forward CEGX should pay-off handsomely. imo
Could be less too. Nobody knows.
MMEX
Outstanding Shares.....911,923,522 a/o Apr 05, 2017 is nothing for a project of this size.
MMEX
Just on the Humanitarian aspect EXIM bank should approve.
All these big companies applying for more war weapons, cars, passenger jets and whatever they can and do have resources to carry on, but they would rather use "other people's money".
How about a little something for the indigent EXIM.
CDNL
Hanks certainly is not playing the game of releasing fluff PR's to pump the Stock. He could have PR'ed numerous things.
Which tells me He has bigger things to fry than worry about the S/P.
pps should take this into account when judging MMEX.
MMEX, THe Refinery will be built. imho
Location, the #1 reason I expect this refinery to be built.
Hanks stepped up to the plate first.
Doesn't matter what you build LOCATION is the first on the check list.
QUOTE~~~~~~~~~~~~
"But it just makes so much sense to build this refinery now and in the location they plan too".
MMEX
I don't know it, somebody posted it on the board yesterday that news was coming next week.
Are we expecting News Next Week. TIA eom
MMEX
Financial Reporting/Disclosure
Reporting Status U.S. Reporting: SEC Reporting
Audited Financials Audited
Latest Report Jan 31, 2017 10-Q
CIK 0001440799
Fiscal Year End 12/31
OTC Marketplace Pink Current
http://www.otcmarkets.com/stock/MMEX/profile
R/S can't happen (if it happens) for months.
CEGX
If you read it again, all the preferred stock issued can't be converted for six months after issue date which was march 31,
4 months from now.
CEGX
Where's this R/S BS coming from.
CEGX
I'm here still, waiting for something to happen. Once dilution is finished we should move up. Patience, I'm not selling for a loss.
EMSF, GLTA
Bid or Ask, TIA eom