Worth the repost in my opinion...
The odds seem to be improving all the time that this project will get off the ground!
And yes, I'm well aware of all of the toxic financing taking place! Still, there are so many parties who could benefit from a refinery located in the vicinity of the Permian Basin, that a lot of forces could be bringing enough pressure to ensure that MMEX secures $50 million in financing.
Many claim that it's a share-selling scam, but that's purely speculation on their part. We could just as easily wake up one morning in the near future, with tens of millions in financing to build the CDU. It looks like any delays are dependent upon the final engineering design, allowing investors to assess the costs of the project before financing it.
Not only that, a lender doesn't face the kind of risks like they would in financing some obscure new product. This is oil refining in the Permian Basin, where they've discovered a massive quantity of oil. It's very logical.
Even just the agreement in place to sell 4,200 barrels of diesel per day when the first refinery is complete suggests huge revenue. Think about it; even if there were only 30 gallons of diesel per barrel, that's 126,000 gallons of diesel per day.
So I'll just use a ridiculously low priceof $1 per gallon wholesale times 126,000 gallons per day times 30 days to get $3.78 million in revenue per month, for diesel alone. There are other byproducts as well to be sold.
Point being, if we get financing by the summer, and a completed CDU unit 18 months after that, that's a lot of revenue that will be flowing very fast, leaving little risk to the key lender of the project.
Not only that, we'll then have funds to move onto the much larger refinery, that could eventually bring $20-$40 million per month in revenue.
Everybody starts winning, well except for the toxic lenders. Share buybacks shouldn't even be a problem. So, I look it at like a nice option play. At these prices, just getting 10 of all of your friends to take a $500 gamble would give them quite a lot of shares, especially if the stock moves to $5 or $10 someday.
It's a slot machine gamble. Think about how much money you and friends spend on weed, booze, restaurants, coffee, cigarettes, etc. and then you might find $500 isn't that much too gamble.
Just food for thought. I've started nibbling in this week after watching the stock for over 6 months. Might be worth a second look. Might be the ground floor of a huge investment opportunity. Good luck in your due diligence before you decide whether this is an investment for you.
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