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Thursday, May 03, 2018 8:46:32 PM
All in, Permian Basin installed costs run from 0.50/linear foot to 2.00/linear foot, depending on various factors. T-Post and anchor fence is about a $1/linear foot, machine installed. That would add under $30K to the cost.
Again, irrelevant - there was no benefit, or need for that expense at this stage, even if MMEX were a real company.
In effect, because of the cost of capital used to install the "road" and fence, it turns out to be one of the least efficient, most costly things to have done, all for no added value - the high up-front costs of the toxic debt, and the extraordinary back-end costs (dilution) were insane uses of proceeds, for a project element that added absolutely zero material value.
And the fence?
swim
Recent MMEX News
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/30/2024 02:08:15 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/29/2024 04:55:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:51:51 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 01/08/2024 02:30:21 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/03/2024 01:18:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/14/2023 03:11:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 04:48:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/14/2023 06:42:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/11/2023 08:50:05 PM
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