OTCPK:MGMXD - Post by User
Comment by
CarpyDimeon May 27, 2017 11:41pm
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Post# 26292955
RE:RE:Green Party in BC
RE:RE:Green Party in BCAlterra is building solid infrastructure that will pay for years. The work with a lot of stakeholders, including local First Nations. They have not been shy to acquire. They are diversifying the types of generation they own. Renewable energy and infrastructure is a long-game. If you are looking for rapid, short-term growth in revenue, look elsewhere. These are big, cumbersome projects that take years gather steam.
I find the potential sale of Blue Lagoon interesting on a couple of fronts. On one hand, why divest of an asset that contributes decent cash annually? On the other, if the price is right, why not sell and use that payout to offset or boost recent growth.
I don't take a negative view on this one yet. I was in back at .45 cents and bought again at $4.60, and I there's been nothing come along that would suggest to me it will pull back significantly from where it is now. If they deliver on their projections there is another level here for sure. And I don't believe this buyout stuff, especially if it is based on the musings of Katusa. Not saying a buyout couldn't happen, just that I wouldn't trade stock on it......