OTCPK:MGMXD - Post by User
Post by
materialsgirlon Aug 10, 2015 11:02am
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Post# 24003098
Looks like I was wrong
Looks like I was wrong Over the past few weeks I mused that the Q2 results might blast the share price up over 50 cents or push it down under 40 cents. That prediction may have seemed a bit extreme for a company in a steady business.
Now, my forecast is rendered obsolete. You see, the blast off to over 50 cents has already happened, much to my surprise.
The valuation of AXY is still dreadfully low if the company can execute over the next 2 years.
We are 52% of the way to a dollar share price. This could happen in 2016 with the 2 new big assets adding 50% to revenue and EBITDA and yes profit
A lising in USA combined with a 1:7 share consolidation combined with 2 good years of execution could make AXY a whole new company. The other option is to dump the board and some management if they still languish in mediocrity. We all wish to avoid this option.
fingers crossed
mat