MMEX Resources Corp (MMEX)

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No one in the industry, or industry trade takes MMEX seriously.

That in large part is why MMEX is absent from any significant industry trade press, technical, or financial.

Refining is a complex business, well established for more than 100-years. It is expensive, difficult to manage, capital-intensive, and it requires specialists over a number of disciplines, from applied science to engineering, marketing, and finance to execute.

MMEX has no team, no positive track record in the industry, no intellectual property, no supplier relationships, and no customer relationships. It proposes to enter a sector, as the first in nominally 40-years, new, into a market where it has zero expertise.

MMEX's only history is generating shareholder losses.

One can believe whatever one wants, on the basis of opinion. The facts are clear, in MMEX's case. It is well beyond dead on arrival.

Talk, PR, and hype are cheap. The ability to execute in the refining sector is not. Even a tiny, low-volume refinery with meaningful capability is tens of millions in investment to construct, and another ten or so million to bring into operating profit. A topping unit can't do that. It is not economically possible.

There are a few specialty units, like condensate splitters, which are part of larger operating enterprises (Kinder-Morgan as an example) that function in the supply chain of large-scale refinery operations, dealing with shale field production. MMEX does not appear even to understand this level of finesse. MMEX has no real-world operating, technical, or market experience, so it is already a failure.