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Re: retiredanalyst post# 1011

Tuesday, 08/30/2011 12:52:03 PM

Tuesday, August 30, 2011 12:52:03 PM

Post# of 5493
I have first hand knowledge of what is going on here. The facility was sold by Travel Ports in 2004 and operated as a oil terminal at that time. It needs grass cutting and deoxidation of some tanks with a new paint job. The engineering is in top shape and Sunoco still has its pipeline Hub there. The engineers have been working at this site doing all sorts of tests over the past mmonths and there is much activity going on with that from auger tests to site planning and studies to other environmental issues that need to be addressed. This is not a simple one week project.

What you are looking at is cosmetic and not the real thing. Anyone can paint a tank or cut some grass and call themselves anything they want. It is the hard structure and business that makes the real money.

This terminal has an exclusive deal with GMND for revenue shariung and not just a study that was otr is being done. When that agreement comes out you will wish you bought in at these prices. I am bidding for a block and I want to get more .