OTCPK:MGMXD - Post by User
Comment by
oilandgas111on Sep 15, 2011 12:54pm
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Post# 19046176
RE: 55 cents and falling
RE: 55 cents and fallingThe lost is normal. As I said before. People were investing in AXY because of Ross Beaty were the CEO so now he as quit its position of CEO people does not want to hold that stock (The fact he is on the board people does not care because he will not the person who take decision). Before the stock was priced in the high in geothermal standard, now our super star has left the company we will be valued like all other geothermal company at around 3 to 5 times Free Cash Flow so between 40 cents to 50 cents
Good luck to all long here this is a good company in the longterm we should find support at 40 cents over the next few months.
Best
Julien