OTCPK:MGMXD - Post by User
Comment by
materialsgirlon Aug 10, 2015 3:18pm
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Post# 24004260
RE:Price drop
RE:Price dropWe are tracking for 170 or 180 trades today which is more than double the average
This might indicate that a whole bunch of day traders are drinking their beer while having AXY on their screen.
My own speculation is that the Q2 results will be ho hum. Maybe a bit better than the awful Q1 but not by too much. The market may be anticipating the much talked about USA listing and the share roll back. This event (one will go with the other) will greatly broaden the appeal of the AXY shares so long as they trade at US$3. For this we may beed a 1:10 or a 1:8 consolodation in order to be sure. A divi could be coming soon but it will not be announced just yet. Might wait until 2015 annual shareholder meeting in 7 or 8 months
mat