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This is an interesting link/article:
Via Oil & Gas financial Journal:
http://www.ogfj.com/unconventional/permian-shale.html
Located 20 miles northeast of Fort Stockton, Texas, near the Sulfur Junction spur of the Texas Pacifico Railroad, the 250-acre facility intends to utilize its connection to existing railways to export diesel, gasoline, and jet fuels; liquefied petroleum gas; and crude oil to western Mexico and South America. Once completed, the Pecos County refinery will be one of the first oil refineries built in the United States in more than 40 years.
MMEX plans to surround the Pecos County refinery with an additional 250 acres of buffer property and leverage state-of-the-art emissions technologies to yield minimal environmental impact. It also expects to feature closed-in water and air-cooling systems, which will require very little local water resources. Construction is slated to begin in early 2018, following the permitting process, and the facility is projected to begin operations in 2019. The company anticipates the an 18-month construction process.
I don't think people realize the strategically located area this land is in. It's RIGHT NEXT to an already constructed railroad, hence the prospective partnership with Interstate Treating Inc probably going to build the oil cars needed to transport the oil.
This WILL be built! Under .02 a share. Crazy!!
MMEX "being talked about and touted across the industry"??
Maybe so, however, as long as I am, I would think under .02 a share would be attracting thousands of people to even just invest $500 - $1,000 for a "just in case" it does happen type deal.
The price is going down? I know it's on OTC and if it sounds too good it usually is, but an oil stock in this basin under .02 a share with multi well-renowned companies ready to get it built once financed?
Just don't understand how the price as stated would not be at around at least .05 on just speculation. The share count is concerning and most don't seem to comment on that as if they don't talk about it, it won't be there or something. This is a real thing that can play into how far the price will actually go. No way is this a multi-billion dollar cap currently, so I'm thinking $'s will be out unless a R/S. Just not feasible.
Even with financing news this thing may only go to a dime or possibly, IF lucky, .15 a share. Way too many outstanding shares to go any higher. It's simple math. Doesn't matter if "projections" and hypothetical numbers are put on this board such as they will make "billions".
1) No financing yet
2) No land owned yet to even build
3) No permits yet
4) Basically all speculations with good companies waiting on to go on financing.
5) Once the first shovel of dirt is lifted, then, possibly up to .20 a share.
IMO, this $$$ talk it crazy until share count is reduced. Also, if I hear one more time "L2 thin", I'm going to throw-up! Every time that idiotic statement is made the stock either does jack crap or goes down. Means ZILCH!!!!!
Yes, I'm long, but hearing pom-poms constantly in ear is getting annoying.
I'm out as last post. Good luck and hope everything I said above is wrong.
"Run"? Based on it being down so much just after a PR? Please put pom-poms down.
Ok, Good, I'm glad I have no clue. Much better news. Then if RMAT approval, then my Land Rover!
Go USRM and have good weekend!
PHASE III trials info:
Not to be "negative Nellie" here in terms of time wise, but according to this article (completely different drug/therapy), when you ENTER phase III, you are talking about a 2-3 year process. IF from what I understand, this restriction or whatever it was, was just lifted from USRM correct?
If it was JUST lifted and NOW they are going to enter this phase, I would think even an RMAT approval would be a ways down the road?
Again, from what I understand clinical trials can take awhile and maybe they already have them going on, but to me, I think this recent $5 million dollars is meant to put towards the trials as they are the most expensive part of the whole process (phase III I'm talking). In the example posted below, this one needed anywhere from $20 - $25 million. No chump change. That's why the whole bowl of wax is based on the results of Phase III. IF it is successful and you get approval, well we all know what would happen and that's why we are here.
I just don't think it's going to be just a few months here. Could be couple of years UNLESS, this cell stem process is SO successful, the medical community and the human race for that matter absolutely needs it. That would surely need to have earth-shattering results IMO.
Hope I'm wrong on timeframe as really want my Land Rover!
Have good weekend as only ONE post left. Here is the link I found:
http://www.maps.org/research/mdma/ptsd/6480-fda-agrees-to-phase-3-trials-of-mdma-assisted-psychotherapy-for-ptsd
OK, well then Good, Exxon may actually help out. I'm fine with that! What do I know?
Go MMEX!!
Exxon Mobile could buy 1/2 of Texas. I don't think they need to partner with anyone. To me, the permits are going to be a complete NON-issue. Why would the state, county, city or whoever deny them if conditions are met? Growth to the economy in from what I hear a much needed area and U.S. produced and made products to boot. Add Trump in there and it's a no-brainer. The financing? Investors "beating down the door" I've heard? Not sure about that, but if this hanks according to some is worth "hundreds of millions", that doesn't seem logical as why for such a huge lucrative opportunity, not put $50-$100 million in himself and need the whole $450 million financed? That to me doesn't make much sense and I very much question that vast net worth amount. If it's built, they WILL come, believe me. One step at a time and numero uno is getting financed. You can have all the permits and companies that know how to do it as you want, but you need money to actually start. That simple.
4 things here IMO:
1) MMEX will not move drastically until either financing is locked up/valuation released and/or permits approved and in place.
2) KPE
3) Trinity
4) Oil in Permian Basin
The first one is very important, but the next 3 just seal the deal. Patience. Yes, you will be able to trade this all the way into dollars, however once one thing in #1 comes out, you will be chasing like dogs chase squirrels!
My largest concern is the outstanding share count. Hopefully no R/S, but if they would ever consider being listed, may have to happen or company takes/buys some back. However they do that and if they can do that.
If I trade this thing, it would only be with about 1/3 of my position as would NOT want to be out when the big one hits the wire. Good luck.
Again, Outstanding Share count? Is anyone accounting for this when they are predicting over $1.00? Multiply $1 X the outstanding share count. What is that figure? Does it look like reality? Probably not. Unless something changes in mathematics over the next few months, it ain't going to reach $$$'s. Sorry. I'm long, but c'mon!
Read article on pain management. As I'm sure most are aware, they do have a cream which is looking like could start to replace pain killers in the future. Patch I also saw, but forgot who made the product. Advertisement was on TV. I'm not sure what kind of drugs are put into the body and how long it lasts, but if BIEI has a product where it's more natural and works longer, it could definitely be something worth holding onto for long term. Giving patients an alternative to pain killers which are highly addictive would be a very good opportunity. Price is looking putrid lately, so really hope some good news comes out soon. Good luck.
Dollars? What about the outstanding share count? Multiply that by even just $1. Isn't that a bit high of a market cap? Just sayin. I'm long and want it to obviously go there, but is it reality? I know there have been multiple posts showing predictions, but 1) We are on OTC and 2) This is I-hub. I'm not selling a thing until probably 2018, so I'm in for awhile. I'm just trying to get some real numbers in reality and not have price compared to others in industry where their share counts may be a fraction of what MMEX's are.
Kingmack -- 100% right on. These wild price estimations are crazy. Dollars soon?? As much as I would love to see this happen, THEY DON'T EVEN OWN THE LAND!!!! Deny all you want, but that is a VERY important piece of the puzzle. I could maybe see dimeland IF some surprising huge news came out, but even that is stretching it with that many outstanding shares as you mentioned and of course no financing as of yet. The share count is definitely more concerning than I originally thought. Good luck and hope we are both wrong!
Like I said, I wasn't sure of the exact process of steps to build a refinery, but permits, whether it's via state, county, federal or whatever, clearly are going to need to be both applied for and approved. That I know for sure. Owning land on the proposed building site would help as well and I have not seen proof he actually owns the land? Aren't tax records public? Someone I would think should be able to post the site where it shows hanks is owner of that parcel? Right? Believe me, I'm long and hoping this thing goes ape shit, but some things confirmed would give better piece of mind for that new Land Rover I have my eyes set on.
KEEMAJO - In regards to permits and process:
I've posted a couple of DD posts last week and e-mailed both KPE and the fabrication company they may hire to build transportation to deliver the oil to Mexico and possibly South America.
BOTH confirmed that is the plan.
However, IF the refinery is being planned to be built early 2018, how much time would they have to obtain all of these permits from EPA, city, county and/or state?
I would think KPE would be part of that and not sure of the exact step by step process in order to bring this to fruition and not sure anyone on this board really does either?
We know Jack is an oil man clearly. I have yet to see any proof he actually owns the land however which is a bit concerning. I like the fact KPE is involved as if they weren't, I wouldn't have invested.
It specifically says the shares issued here will be used to start the process moving forward, so I'm not sure why people would not think the company would NOT sell shares to get funds as that is exactly what the intention is and it was not hidden.
Now, that being said, fluff PR's to get stock price up may or may not be a good thing. Obviously if that is used to raise the price and then keep selling and the money is actually going to be used for the advancement of the project, than so be it, as if funding via valuation and an investor is sealed, this will go to the moon.
I just don't know how long it takes to actually apply and get the permits approved because if that doesn't happen, dead in the water. Period. I'm trying to e-mail the Texas EPA region #6 area to see if any permits have been applied for, however I would think that would be issued in a PR and would spike up the price, however if it's applied for, doesn't mean it will be approved?
Very hard to watch the price sink this low and this valuation must be delayed for a reason and hopefully a good one?
It's down today if anyone hasn't noticed, so before it starts to "run", how about we just take a breather on talk for now?
Valuation report? WHAT would the figures need to be to send this thing to dime+? What if the number isn't that great? Clearly this is the do or die scenario here as if not that great, financing options may be limited or non-existent, however, I do remember reading (from Hanks), a lot of inquiries coming in on the project including financing offers? Tic tock up with stock hopefully!
.03 end of day?? That doesn't sound like 500%?? Drop your pom-pom's???? These posts are doing more harm then good.
"Here we go boys and girls" EVERYTIME this is said I recheck the price and it goes DOWN!!! It goes up a tenth of a cent and the cheerleaders start thinking this is going to compete with Exxon! It's ridiculous. Look at most of these posters predictions. Not even close! I'm long MMEX and really hope it flies, but patience is a virtue and most do not have it. One thing the main culprit to this stock has been saying (I think we all know who that is?) is they 1) don't own the land, which it was stated by several cheerleaders he did own it 2) ZERO assets (which is a big problem) 3) No financing IF financing is ever secured, this thing will be unstoppable. I e-mailed the rumored PR firm but have not heard anything back from them.
This stock is really sucking! How long is this thing going to take to put out anything??? Clearly this RMAT deal may not go through, but the least this company could do would be to update their shareholders!!! JOKE!!
Permian Basin Drilling permit site:
http://www.shaleexperts.com/plays/permian-basin/county/pecos-county-tx
The permits have gone way up in 2016 and 2017 and will probably continue. Usually when you drill for oil, you need to refine, correct? The more drilling, the more refining.
If Hanks land in ALREADY in the Permian basin, don't you think that may have put a light bulb above his head to halt any projects he may have had going in Nicaragua to concentrate on Domestic Texas oil in his hometown area along with Pro-Trump idea of creating U.S. Jobs?? That's my theory on why he would have halted THAT project.
Furthermore, that piece of land (I would still like to see official tax documents showing HANKS name on it) sits conveniently next to a RAILROAD, which may already lead straight down to guess where? Yeah, Mexico and possibly Nicaragua. Transportation is one if the LEADING issues down there so it makes even more sense to build a refinery there. In terms of government officials NOT allowing due to pollution, has anyone actually READ anything on KPE?? They are KNOWN for building high-efficient LOW-Pollution refinery's with TOP of mountain standards in both safety and efficiency.
So in summary, once financing is found, hopefully very soon and think the valuation may be the waiting factor here for the financier?, the release of that news would literally make this stock unstoppable. You add the approval of permits and we are in the stratosphere.
STILL, A LOT to actually happen PRIOR to ANYTHING happening. Financing being the biggest hurdle!!
Good luck to ALL as this is my LAST post of the day!!!
Anyone know what county Hanks has the land in? Which basin? Delaware or Midland?
This particular link from Bloomberg does NOT show MMEX listed?
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=333618777
This link kind of shows the activity in that area in terms of permits and recent IPO's and financing from other prospecting companies:
http://www.shaleexperts.com/financing/Silver-Run-Acquistion-II-Wraps-Up-1.035B-IPO-On-the-Hunt-For-Assets_1394
I would think keeping an eye on this Raven Petroleum project may give indication to the possible result of MMEX refinery IF ever built. Raven is expecting to break ground this fall. Anyone know if they have stock out?
On Nov. 18, 2016, OPIS reported that Raven Petroleum was building a 50,000-b/d export-only oil refinery near Laredo in South Texas, targeting the Mexican and Caribbean oil products markets. Raven Petroleum is a wholly owned subsidiary of Raven Resources Group LLC. The Raven refinery and terminal project is scheduled to break ground in the third quarter of 2017, and the refinery could be in service by the end of 2018.
E-MAIL back from INTERSTATE TREATING, Inc:
It is a proposed project up for permitting and financing, not sure what the probability of completion is. I do know both parties are confident it will happen! Thanks Ronnie
From: ME
Sent: Thursday, April 06, 2017 6:09 PM
To: Ronnie Rains; Sonny Walters
Subject: Permian Basin projects
Good afternoon,
I’m inquiring about what looks to be a possible subcontracting deal for your company with a refinery being talked about being built in the Permian Basin region in 2018. I think the company is called KPE engineering and MMEX resources?
This was just announced only a week ago, but was curious if this is actually fact or fantasy? Any information you are able to release would be great.
Thank you.
I will be following with some other links I found last night pertaining to permits and a possible method used by other prospectors for financing and wondering if any of you guru's would know if that way could possibly be in play? As of now, I'm not seeing anything pending in that county from MMEX, so with 1/4 of 2017 already gone, I would think both financing and permits would need to be secured relatively soon for a early 2018 construction start date. $450 million is A LOT of money!!!
I'm not sure why you would reach out to both an engineering company AND fabrication company if you were going to cry wolf? I realize both companies are probably aware it may NOT come to fruition and EVERYTHING is based on financing and permits. Financing BEFORE permits as why even apply if you wouldn't have the money?????
JPL - Why do the tax records show different on who owns the land. This is my last message and I'm not a member so will be done responding for the day . To me, once I actually know he does own the land, Outside of the obvious permits and government/city approvals, this could be a life changer!! The strategic location near a railroad system just makes it even more attractive! GO MMEX$$$!!!!!
DOES HANKS OWN THE LAND?? Post #32257 states otherwise. Can anyone confirm that?
Here is the FULL e-mail including my actual question to KPE:
Question: I'm sure you are possibly receiving several inquiries from MMEX stockholders as to the nature of your agreement with them on building a refinery in Texas next year, 2018. I'm almost for certain you could not tell me if financing has actually been established to bring this to fruition, however is there any inkling you can give me to the measure of possibility you are indeed working on this project? Thank you.
Michael
Response: KPE confirms we are performing project development work on this project.
Thanks,
Lauren Scotton, PHR
Sr. Coordinator – Marketing & Human Resources
11757 Katy Freeway Ste. 1200 | Houston, TX 77079
E-MAIL FROM KPE YESTERDAY:
KPE confirms we are performing project development work on this project.
Thanks,
Lauren Scotton, PHR
Sr. Coordinator – Marketing & Human Resources
11757 Katy Freeway Ste. 1200 | Houston, TX 77079
Main: (281) 902-0060 | Direct: (281) 902-0020
I know OCP or whatever his name is contacted everyone involved and EVERYONE has the same story. My question is from post #32257 where he says Mr. Hanks does NOT own that 250 acres or at least that is what the tax records say. Would purchasing the land be part of the $450 million cost or DOES HANKS OWN THAT LAND???
The copied version of the e-mail does not show the KPE logo as it does in my g-mail, but I like the fact that it is confirmed and they are "performing" which to me says they are moving forward with this!!
Go MMEX!!!
Houston Refinery being built. Jack Hanks, KPE, Land, permits, financing. Here is some DD I did by myself and I'm sure maybe some of it has already been posted? IMO, I think too much emphasis is being put on this evaluation as the things below are going to really make the deal for us longs.
LAST post of day for me as #3!!
Many more questions than answers and I have e-mailed both KPE and that valuation company, but zero responses.
1) Does this Hanks own the land as stated by several? If so, where is the proof?
2) I have listed current U.S. refineries and MMEX would NOT be the first one built as one in Houston should currently be under construction right now so THAT one would be the first in 40-years which may take some of the air out of the one MMEX is planning on building? Maybe Permian basin would get more kick?
http://www.expressnews.com/business/eagle-ford-energy/article/
https://www.eia.gov/tools/faqs/faq.php?id=29&t=6
3) IF he does own the land, clearly, permits and financing are going to be the next two most critical pieces of the puzzle as just because there is an agreement, doesn't really mean squat as they can fall apart just as easy as a PR being released.
I'm not quite sure why KPE would even put anything on their website other than the fact that they are really not that old of a company and plans to actually build a refinery may look good?
4) KPE seems to now specialize in running refineries with the utmost efficiency which can lead to better yields, more "green" environmentally wise and less expensive to run.
http://ru.pall.com/pdfs/Fuels-and-Chemicals/OilGas_Condensate_Stabilization_Mar4.pdf
5) Then of course there is Trump pushing for more refineries.
https://www.yahoo.com/news/trump-says-wants-more-oil-refineries-built-us-221338283.html
6) Lastly, from this article, IF Hanks DOES own the land, it would be very conveniently located near railroad to shoot right down to the growing demand in Mexico.
http://www.opisnet.com/about/headlines.aspx
If anyone can somehow prove Hanks actually owns the land, that would be step number one. IF they are truly planning on starting construction next year, there is probably going to be a Plethora of news coming out in the next 3-6 months pertaining to permits, government approval, etc. Need a bit more to make me feel a lot better about waiting for my multiple 6-figure to hopefully 7-figure payout in the next 2 - 2 1/2 years!
Good luck and let's hope this deal is REAL!!!!!
MMEX!!!!!$$$$$$$$
Ok, so IF MM's are SHORTING this, you would think they would have some kind of inkling if this KPE deal seriously holds water or not. If they did know it was the real deal, WHY on earth would any company or market maker be that stupid to risk shorting a stock like this? IF there is truly financing in play, that would clearly solidify the legitimacy of this deal and this thing would not stop going up through the summer IMO. In the interim permits and everything else would be lined up for breaking ground early 2018. Price probably would be at least $5 a share prior to building and once complete, I bet even higher. After the first few months go by and revenues are pouring in, $15+ easily!! Sorry for the long post here, but financing will be way bigger than any valuation.
SCAM? lol! Yeah, that's why KPE has it on their website and their is actual television coverage of it. Speaking of which, I think someone posted some of this yesterday, but here is the link:
http://www.bizjournals.com/sanantonio/news/2017/03/17/texas-companies-scramble-to-meet-demand-for.html
THIS is probably exactly why Hanks waited on that Nicaragua plant. The opportunity is WAY bigger in Texas per Mexican demand. The writing is ON the wall. Sell for peanuts, fine by me. Did I mention it will be the first refinery built in the U.S. in over 40 years???!!! HELLO!!!!!!
KP ENGINEERING! Until someone can prove to me that this is "fake" and why they would have it on THEIR website, I'm not selling a THING!! The mayor confirmed their is plans. Can politicians lie and are they stupid? Yes, but Ups and Downs. That's how the stock market works. If flipping, yes, be scared, if holding long, payoff should be massive!! Life changing!
LOL! So can't wait TWO years for DOLLARS vs. Pennies?? Wow! Guess I can see why the wealthy get rich while the impatient struggle. May want to re-read the releases and news. This baby is going to be unstoppable. First oil refinery built in this country in 40 years???!!! THAT alone will EASILY make national news. Have fun with your beer money. I'm holding out for Louis the XIII.
Selling at under .o4 a share? I'm not comprehending? IF this news of the refinery is indeed REAL, what part of the "BUILDING A REFINERY IN TEXAS" are people not understanding. Yes, there are going to be ups and downs, but um, DUH, the ups are going to be WAY bigger than the downs. Again, OIL in TEXAS and this company is BUILDING a Refinery which will shed out 50,000 gallons of oil a DAY!!! Oh, and NO valuation put out yet??? NOT getting it but I'm long as my shlong baby!!!!
TV exposure, Mayor confirmed refinery being built, Texas Oil, Largest reserve in country and oh yeah, Trump is Prez?? HELLOOOOO!!!!! This baby's going to the MOON!!!!! MMEX$$$$$$$$$
In OTC reality, who REALLY thinks this will be above $1.00 and when? It sounds seriously like striking oil, but again, we are on the OTC and at .02.
Is this the real deal?? Anyone know a lot about refineries and their success rate?
Thanks!!
HEY! This is in Phase III right? IF so, see THIS:
https://dailyreckoning.com/watch-your-portfolio-skyrocket-from-phase-3-drug-trials/
Goes to show just how important of a step getting to Phase III is. Stock will clearly go unstoppable mode with either RMAT and/or FDA. It's going to make or break the company. It's that simple.
I agree this last PR was a bit fluffy and it does actually look like they are forming a partnership with themselves as the company mentioned is not very known of whatsoever, however, this Kristen will be speaking at the June Boston Stem Cell convention. She knows what she is talking about.
Go USRM!!!!!
Can someone explain this "evaluation" that's on the horizon? What exactly does it do? Just give what the stock price is worth currently and then the PE ratio can be multiplied by that vs. what other stocks in the industry are trading at? So if a 10 PE, which I heard is generally pretty low, that would mean if evaluated at .05, the value would be minimum .50 a share. That's of course without ground being even broken AND no functioning of the refinery. SO, IF this does actually come to fruition, we are talking HUGE amounts of money they could be made here on 10's and thousands and for some Hundreds of thousands and MILLIONS even for the real lucky ones!!??? VERY exciting. I only have 50,000 as was tied up in another, but probably will be glad I sold.
Rocks float for this stock as will go up. Maybe some stem cells with air born properties were injected? Our little Doctor is going to be at a huge conference in June in Boston. This is going nothing but up!!
THAT is exactly why you do NOT put in STOP LOSS orders on a stock like this. Man, I feel sorry for the ones who lost those shares!! Highway robbery!!!!
My Take on VDRM products and U$rMmmmmm as most in penny stock world now know of that stock also waiting on FDA approval. If Stem cells can be inserted into problem areas to create healing and curing, IF VDRM's product can absorb quicker to alleviate amputation or further damage, it could lead the way to help stem cell regeneration complete the "cure" process? I'm no Doctor obviously, however just a thought as too where both of these companies can do some major work on making cures a reality! I'm still a bit skeptical on this stock and don't have 100's and thousands of shares, but hope for a large movement as we all do. GLTA!!
So USRM is at .15 today and it is at least a $3-$5 stock upon either RMAT and/or FDA approval? HOW can there be ANY selling? WHO would be selling? Nuts!!!