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Well that was a nice solid bounce back. But current PPS is meaningless if MMEX gets financing.
MMEX
That is a proper and fitting heading for your post.
MMEX
What are the odds a stinky stock will get land?
What are the odds a stinky stock will get permits?
What are the odds a stinky stock will get a congressman to visit its site?
What are the odds a stinky stock will build a road?
What are the odds a stinky stock will actually get off-take agreements?
What are the odds a stinky stock will find someone to build it a CDU?
What are the odds a stinky stock will find a supplier?
Should I go on?
MMEX
That wouldn't make a lot of sense since financing is imminent. IMO
I won't be selling a single MMEX share for a while yet. I've been saving them up for a year now. Certainly not letting them go at this pivotal stage.
MMEX
I think what is really going on here is that folks are realizing the financing is very soon and they don't want to be left behind. That's it. So, all day they held off with their hand on the trigger waiting sellers out until they couldn't any longer. They then slapped a few asks. IMO. Also, I think it was a smart play on the buyer's side cause they will be rewarded soon. IMO.
MMEX
Must be good news. Otherwise they could just put it on here to let everyone know. Can't delete 911. Lol
MMEX.
Are Wednesdays significant in some way? Seems like I have memory of something about Wednesdays somehow being meaningful. Oh well. I guess we just wait and see. in any case, whether or not financing is approved/announced etc. whatever, this project has come too far and has too many reputable people and organizations involved to just fall by the wayside. MMEX also has land, a road, permits, supplier, buyer etc. Shoot, if I had the money I'd loan it to Hank myself. This is gonna get done folks. IMO.
MMEX
Who cares anyway. Sell the whole thing and kick MMEX out if needs be. Who cares. We’re building a refinery. mMEX
Wrong office. I used to life in one half of a duplex. When I sold it, the adjoining neighbour's duplex was not included in the sale. They got to keep their house even though I sold mine. I can see that its a difficult concept for some to grasp, but the MMEX's half of the duplex is not for sale. Only the adjoining one is. Like my neighbour, MMEX gets to keep their half of the duplex.
MMEX
.004s is a very limited time offer. My advice is to do your own DD, but I don't think these rock bottom prices are going to last. Will probably be gone about 5 seconds into today's trading. Good Luck.
MMEX
What this post proves to me is that some people here are deliberately trying to mislead others. Proof right here. In this post.
I think its more along the lines of providing bovine security. With all the heavy equipment going back and forth, it might be necessary to protect the critters from danger.
MMEX
Just relax now, sit back and wait for it all to unfold. Its gonna be a beautiful thing. Like a caterpillar turning into a beautiful butterfly.
MMEX
Exactly. Permian should be easy after Iraq and Turkey.
MMEX
Who's looking for employees in Midland area? Pilot Thomas Logistics is.
MIDLAND, TX JOB FAIR: PERMIAN
Date: Friday, June 1st | 10:00AM-3:00PM
Location: Wall St Office 2406 West Wall Street Midland, TX 79701
Recruiting For: Class A/B Tank Wagon Drivers, Class A Fuel Transport Drivers, Class A/B Frac Drivers, Frac Technicians, Warehouse Associates and Mechanics
Additional: Health Benefits, Competitive weekly pay, Sign-on bonus and Relocation Package
MMEX
For sure.
MMEX
"The new projects are expected to be accretive to volumes" is an important line in the statement cause it refers to the the new projects (MMEX??) being a customer who's volume of purchase from Enlink will increase over time. 10,000 to 100,000.
MMEX
Below is a quote from Enlink's Q1 Report. I wonder if one of the two new customers is MMEX.
"EnLink's Chickadee crude oil gathering operations in the Midland Basin have achieved recent success with the addition of two new customers to the system. The new projects are expected to be accretive to volumes and segment profit during 2018, and leverage the gathering platform in place. EnLink continues to successfully execute its crude oil gathering strategy in the Permian Basin, and EnLink's proven capabilities are attracting new opportunities."
MMEX
Was .0001 about a year and a half ago. MMEX will NEVER see it again. Anyone who suggest that MMEX is a scam must also believe that the reputable companies involved with it via this venture is also a scam or stupid. Obviously they are neither, and neither is MMEX. Refinery is OTW.
MMEX
I think hiring a PR firm before financing is a very smart idea. When this thing "goes" it will be communicated properly and far/wide. Getting ducks in a row. Gonna make a big splash.
Krakatoa.
MMEX
Yes all of Texas is in on the conspiracy. I don't know how they manage to keep it a secret.
MMEX
I think the goal was to inform shareholders. But for the first time I hope you're correct regarding its effect on PPS. Obviously you must think this is a positive update.
MMEX
Beautiful!
MMEX
Pipelines won't carry all the oil, and the ones you speak of won't be running for a while yet.
My brother's wife's second cousin once removed can't believe some folks don't see how a refinery would work on the Permian Basin.
MMEX
You should be saying IMO. IMO MMEX is legit and will build a CDU and then an oil refinery on the Permian basin. the place where there's so much oil that they can't ship it out of there fast enough. Good buying opportunity for secondary processors like MMEX. IMO that is.
MMEX
Lots of spin-off jobs too. Win win.
MMEX
Dirt road, land, permits, rail access, gas lines, water access, off take agreement, etc. etc. . No joke!
MMEX
I'll give you an example; the road to the refinery site is already built and waiting for action. There you go. Don't need luck when you work hard and have a good plan in place. Also, do some reading on the difficulty with getting crude out of the Permian to market. Its plain to see that Jack will have suppliers knocking at his door to try and sell him crude at a reduced price due to no required shipping. And he already has a buyer for the refined product. See?
MMEX
It does when you do your homework and work hard with a solid plan. Yes it does. I've seen it many times, and in the oil industry. Strict timelines are established and worked towards. Time is money don't you know.
MMEX
The CDU. Also, see quote below directly from VFuels web site. The question is, when did "execution of project" begin. This thing could come together quickly if everything falls into place with financing like MMEX said it would. IMO
"VFuels designs, engineers, and fabricates all of its process modules in-house, with an experienced design, engineering, and construction team. VFuels can deliver modular process equipment in as little as ten months from the execution of a project."
MMEX
If financing is indeed completed at the time stated, things are going to move very fast and in a hurry.
"financial closing is projected on or before May 31, 2018 with the first funding drawdown on or before June 15, 2018"
From April Shareholder Letter.
MMEX
According to my estimation, MMEX only has to come up with 8ish million for its part of the financing agreement since they already have 2 of the 10 - 11 mil in the project.
"MMEX has funded approximately $2,000,000 toward the equity component of 20%, estimated to be US$10,000,000 to US$11,000,000"
13 days or less until the big reveal. MMEX is gonna turn some heads IMO.
MMEX
The PPS at the close of day is merely a caption in time like all the rest. What matters is that over the last two weeks or so the PPS has gone from a low of .0026 to a high of .0052 and has settled to .004ish. That marvellous! I liken it to a race car moving to the starting line. It makes some noise and burns a little rubber just to let everyone that its got something special under the hood. Soon, a financing announcement will end all the speculation and it will be go time. IMO, now would be a crazy time to sell and a smart time to buy.
Krakatoa.
MMEX
All I can do is laugh. MMEX is building a refinery in Texas, on the Permian Basin and you're worried about loans. How does one build a refinery without financing (loans)? I think the market is not taking your concerns seriously. Neither am I.
MMEX LONG
A penny is a good price for this stock.
MMEX
Agreed. Time to get off the fence. MMEX shares are going for deal of the century prices right now.
MMEX
Only one that matters, and it could be tomorrow. Hehe.
MMEX
5ss... I think I'm gonna cry. Its making me all emotional...
Folks, if you're on the fence it might be time to get off now and take the ask.
MMEX
Not to mention the numbers when the 100,000bpd comes on line. There's a reason why I'm long.
MMEX