RecapThe morning started off pretty good but it didn’t last long. Let’s recap the news.
1. PEP will have 100% WI in the refinery (look at Darts projections)
2. PEP already has a $25,000,000 reserve equity financing deal in position
3. According to my research the alternate name of the historical town site of Farrow is Randle (has anybody actually figured out what the "R" in R.M. Loree stands for?)
4. The government wants it and the producers need the refinery
5. The economic are very favourable
6. Something big is up because management has been very quiet over the past few months which is not their usual style.
7. Last but not least the CEO and largest shareholder has not sold a single share
This project is moving forward and I believe it’s going to start immediately.