I'm reading the s-1 this morning, it appears mmex is trying to raise $6,108,155 per maximum aggregate offering price. 3 million of which is from crown, the other 3.1 is from outside investment. What's your take on that?
Do you think MMEX will go for a 10% ownership stake in the 10,000 bpd facility?
Assuming that the refinery will cost $47 million as stated in the conference recording. A 10% stake would cost the company around $4.7 million.
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