Replies to post #103984 on MMEX Resources Corp (MMEX)

[jmjjw]

MMEX - ridiculous...

As per latest letter, the cost assessment has been revised so this one should be good.

So far, Mad J. has blown it numerous times - at least twice on cost estimates - just go back to the S-1A and look at the 2018 milestones - all blown. A 40% cost overrun before ever bending metal... and that doesn't factor in real-world issues, or O&M.

And, Jack expects financing to close by the end of June.

Mad J. "expects," "projects," "estimates," "forecasts," etc. - weasel-words. The end of June is 15-business days away. He has to raise $15-million in private equity, and the remainder in debt to meet the new $70-million price tag - before the MMEX apologists get running the difference between $69-million and $70-million is insignificant, and insufficient - and for Mad J. it might as will be a billion, or even a trillion dollars - the bar is too high, and MMEX is a bottom-feeder.

AND, folks coming to him inquiring about a new opportunity in storage and shipping.

These are unsubstantiated claims, and can't be supported in what MMEX has proposed, ranging from insufficient storage, to its stranded, isolated location - and not without significantly more cost than the currently "projected" $70-million. All rancid bacon, on the rotting MMEX carrot at the end of the stick...

This is all good news folks.

In reality its all very, very, very, very, very, very bad news, for anyone grounded in reality.

Other catalysts in the works like 2nd land purchase, filing of permit application for refinery #2, and who knows what else.

It is hard to buy more land, without more money. It is hard to file state/federal NSR applications, without more money - and by the way, MMEX hasn't got Phase I off the ground, and is back to the drawing board, because they "forgot" the desalter. Who knows what else...

PR firm hired to lay it out there properly for everyone to see.

Bubbles, and the International House of PR were hired to package lies, B.S., misleading information, news about delays, and create misdirection to take the heat off, act as a cut-out, make up for failed IR, and, don't forget Bubble's slogan, to tell investors to "Leave Mad J. Alone!"

MMEX Marching On

MMEX is marching on, walking retail investors right over a cliff.

[DirtyDawg]

Yes, sir.

All good news.

MMEX will be building a modern, environmentally clean, refinery.

If, perhaps, another 8k is released to get monies in the process of receiving full funding, so be it.

Shareholders will be rewarded in the end.