OTCPK:MGMXD - Post by User
Comment by
materialsgirlon Oct 27, 2015 8:25am
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Post# 24229712
RE:I'll comment
RE:I'll commentwindwalker;
To say that it is easy to sell green energy, unfortunately, is not true. It depends on location and local demand.
In the case of AXY, they have Dokie 2 (wind) ready to go in B.C. but there is nobody to buy the output so the project has been shelved and written off. It will come back to life again one day but we know not when. Likewise, there are many AXY hydro projects in B.C. that could be developed but there is no customer.
Due to weak copper prices the economy in Chile is in a downdraft and so the geothermal development by AXY's partner has been delayed a year and then likely more delays. Demand at a fair price is uncertain.
Of course, AXY, like all business enterprises, needs not only a customer to buy its product but also a customer that will pay a sufficiently high price to generate electricity AND profit.
mat