End of Month - April 2016End of the Month (EOM) report for April 2016. -
AXY closed on 04/29/2016 at $O.460
AXY closed on 03/31/2016 at $O.440
AXY closed on 02/29/2016 at $O.450
AXY closed on 01/29/2016 at $O.455
AXY closed on 12/31/2015 at $O.460
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This a 4.5%, 2-cent, gain in April.
This is a ‘Break Even’ for the 1st Third of 2016.
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S&P 500 Index, at 2065.3, gained 0.2% in April. [2.3% above its MA(200) @ 2015.1]
[On December 31, 2015, the SPX closed at 2043.9. This is a 1.0% gain for the first Third of 2016.]
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Two Hundred Day Moving Average [MA(200)] stuff. AXY's MA(200) ended April at $O.45
AXY is now 2.0% below its MA(200).
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News Releases on the AXY Website in April -
Apr 26, 2016
Alterra Power Announces Landmark Deep Drilling Project in Iceland
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https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2016/Alterra-Power-Announces-Landmark-Deep-Drilling-Project-in-Iceland/default.aspx -
Louis James Comment
Quote:
This is largely an FYI, as the outcome of this exploration is uncertain.
The key points are that while the hole is very deep, and therefore expensive, Alterra has partners covering 80% the expense.
That also means that, if successful, Alterra has to share the power and income generated.
That’s not a bad deal, give that drilling the hole is the riskiest part of the whole venture.
We look forward to the results, . . . .
End Quote.
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Apr 26, 2016
Alterra Power Announces Release Date for the First Quarter 2016 Results
[ Release May 10, Webcast May 11]
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https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2016/Alterra-Power-Announces-Release-Date-for-the-First-Quarter-2016-Results/default.aspx -
Next Milestone Jimmie Creek – 62 MW hydroelectric project in British Columbia - Operational before Oct 2016.
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RJ