MMEX Resources Corp (MMEX)

[jmjjw]

MMEX has not started construction yet. There is no project underway, only a proposed project, a prop in a share-selling scheme.

MMEX has failed to secure project financing, as predicted, now $70-million. That number will not get smaller, it will only get larger, and the goal posts will continue to move.

Nothing will ever be built. The crude markets are cyclic, and the discount changes relatively rapidly. The discount will shrink, especially as pipeline capacity comes on line, but MMEX's transportation costs and margins won't change (if it ever really built something).

All of this is clear to anyone with sector experience. All of this is clear to anyone with finance and investment experience - MMEX is a share-selling scheme, nothing more.

"So that point should also be clear."

That is one perspective, but as most would know, things don’t always happen specifically on time especially in construction projects. If projects lived and died by one specific due date, nothing would ever get built. So, no. The sky isn’t falling.

Second, by the time everything gets built, they would most certainly be in a position to benefit from the spread, I.e in 2019. So that point should also be clear. Mmex