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Building higher support levels.
Yes, It takes money to get money. If you had any experience getting big loans before you would know this. May not be the best scenario but you do what you have to in the early stages to keep the ball rolling.
If you needed another 75k to complete a loan of 49 million you would do whatever you needed as well.
So insignificant, 18% yesterday and 23% today. Not counting the steady climb from .0024 over the last few weeks.
Keep letting us know how silly we are. 0024 to 0052 run so far with more momentum and on the verge of big news.
Hopefully you have your gap insurance for tomorrow.
Just the beginning. Last call for the 004s.
From the shareholder letter.
The proposed structure is that the Fund will finance up to 80% of our Capex with a senior debt funding ceiling of US$ 49,000,000. Subject to finalizing our FEED ( project cost) study, we are still estimating our Phase 1 Capex in the range of US$ 50, 000,000 to $55,000,000. The Term Sheet is subject to successful completion of Due Diligence and execution of a definitive credit agreement. If those conditions are completed satisfactory to the Lender, then financial closing is projected on or before May 31, 2018 with the first funding drawdown on or before June 15, 2018.
Solid trading. People are realizing what is coming. Get your tickets.
Looking good today. Broke the 50 headed to the 200.
Share selling schemes also don’t need land, easements, roads, fences, purchase agreements, or even a flagpole but MMEX has them.
Lol. Yup just like the thousands of other workers in the Permian basin working on locations with no plumbing. They all have to drive into the closest towns.
Man if a guy could come up with a way to make mobile toilets he would be rich.
They are running out of ideas other than repeating the same old information that doesn’t matter.
State of Texas does not require one and if the county wants them registered and permitted on a local level then that is something the water well company will usually do for you since they deal with it everyday. Not a big deal.
Maybe you should read up. You don’t need a permit in Texas to drill a water well. You just have to get a licensed water well company to drill it.
That’s what you’re grabbing at? When the time comes that they need a water well or 2 or 3. He can call a water well company and they will be there in 3-10 days depending on other jobs they have going on.
You would wait on financing anyway and to get your layout so you know what area to put it based on your construction plans.
Pressure building over the last 10 days.
Shareholder letter that is a sticky. Has to the end of the month to produce a term sheet for financing based on his timeline.
Yeah it is so bloody it has went from 0027 to 0035 the last 5 days.
You forgot to explain to me the difference between the two? How much traffic and how heavy of loads go to a well sight and how much traffic and how heavy are the loads that go to a refinery construction site?
Explain to me the difference between the two? How much traffic and how heavy of loads go to a well sight and how much traffic and how heavy are the loads that go to a refinery construction site?
You do realize that you need access to begin construction and that in the future if the refinery is built the road would be improved anyway right?
Nothing
Trading has looked good this week. No dumping anymore and more buys. Green green.
And when it runs you can tell us how lucky we were again.
Nope. Strong close.
Texas has 29 refineries.
Support level has been solid so far.
Good support level here so far.
Exactly. If it was fluff to try and raise the pps then he screwed himself by doing so because he could of easily just said he was working with a finance company and left it at that.
If there wasn’t something actually in the works I don’t feel like he would have given a timeline on it.
Even IF he did start negotiations and got a term sheet on 3/29 he won’t have access to that loan until June based on the timeline. There are operating expenses that need to be paid now and over the next couple months IF things are to move forward.
Like I said yesterday, it will take a couple months and we will know for sure. If the end of May rolls around and nothing happens then we know it was a pump and he screwed himself by giving a timeline. If the real loan agreement comes out then we know it was legit. Simple.
There will be nothing quick about getting financing for 49 million and honestly I don’t see how that would happen unless whoever is putting up the money is taking over majority interest in the refinery.
If by a few days you mean 2 weeks.
Good day today. We are a couple months away from knowing for sure one way or another. Could be an exciting time.
GLTA!
Loading more on that news.
Good to know. I haven't kept up with the board so didn't know if anyone had or not.
I figured that was the case on anything happening or not.
I'm pretty sure I can get someone to go by the plant site to see if anything is actually happening after the holidays since I'm from the area. Their maps are pretty low quality on their website but I will see if I can get directions. I know what main road it is down but it looks like you would have to turn off of it to get to the site next to the railroad tracks.
Yeah they didn't see that coming.
Averaged down here at $8. I don't think we have seen bottom but figured I would start accumulating just in case.
Causing a sell off across the board.
Another good one. Surprising me every time I check on it.
Wow, this thing keeps going. I'm riding free shares at this point but sure wish I had lots more from a penny.
Any big run on this stock went up dipped and then ripped.
That's why I bought all those 3's. nice surprise checking in