GREY:MGXMF - Post by User
Post by
vchesaron Jul 30, 2018 2:00pm
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Post# 28386401
XMG needs new initiatives to stop the downward trend
XMG needs new initiatives to stop the downward trendThe following are some changes needed for an upward break out – IMHO:
A lots of investors have their patience tested away too many times this year. XMG has been dropping ever since its year high of $1.96 reached in late January. Here are my few suggestions for XMG recovery:
1. XMG Needs to attract new buyers. Get the stock listed under TSX. This would attract more Mutual Funds to invest in XMG. Many funds avoid stocks trading under CSE & TSXV. I don't understand why XMG hasn't taken the initiatives to get it listed under TSX.
2. More JV with Lithium and O&G Producers. It appears Lithium and O&G producers are still not convinced about the XMG technology. I was surprised none of the O&G providers in Fort McMurray hasn't yet taken the initiative to reach out to XMG to clean up the oil extraction process with the XMG technology. O&G companies need XMG's environmentally friendly technology to clean up the environmental damage they have created in Alberta. Alberta government must also be endorsing and promoting the use of XMG technology in oil extraction process in Alberta.
3. XMG should also be reaching out legendary investors like Leo Cooperman and Warren Buffett to invest in XMG. Recently Cooperman announced in CNBC about his recent stock pick LGO – Largo resources in his personal fund. When he announced that, investors piled up in LGO, helping the stock to jump 50%. Also, the trading volume reached 10 times the average in OTC. LGO is basically a source of Vanadium. Compared to that, XMG provides a significantly higher potential as it can produce Lithium much cheaper and cleaner way. Also, XMG now has invested in many other ventures with good future potential. Warren Buffett has high interest in environmentally friendly investments.
Just my few suggestions. Welcome to add more.