2016
From what I understand
Positives:
1.) No serious debt, enough capital to pay bills and keep the lights on
2.) With the current structure, no rollback in the cards and have the ability to raise funds with minimal dilution
3.) There is a tank farm at Aldersyde Alberta that is able to store and distribute third party methanol. I talked to an analyst friend of mine, he expects there to be a decent increase in methanol price by eoy 2016 for what it’s worth
4.) Disposal facility completed with Mako? Anyone know about that, or what the strategy is there?
5.) There are interested companies/stakeholders/investors in the various ongoing projects of the three tiers (TexAlta, Maverick & LOMAC)
Negatives:
1.) Energy industry in a complete collapse
2.) Political concerns operating in a NDP run Province in a Liberal Country
3.) No material events taking place, no interest in the company
In my opinion, the reason for the share price sitting at a penny is because of Negative #3: no news and no interest in the company. Nothing material has happened in god knows when and with a company who has the word “energy” in its name, no one wants to touch it. As such, no volume to speak of and many shareholders decided to cut their losses and move on. I still believe there is a glimmer of hope. The question is, can management come up with a game plan to capitalize on a struggling industry in poor market conditions? As per usual, time will tell.
*I was the one who picked up the 100k shrs, might as well significantly average down for a measly grand.
Best of luck boys, there are better plays out there for sure, but for current bag holders upside vs downside has me sticking around for now.
Iron