OTCPK:MGMXD - Post by User
Comment by
materialsgirlon Jan 04, 2017 11:04am
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Post# 25665737
RE:Interesting article
RE:Interesting articleRDK;
Thanks for the post regarding Brazil. AXY is much too small (as you know) to venture
that far afield for such massive projects.
AXY grew by about 50% in 2016. Conceptually, this takes us into a situation where
corporate overheads shrink as a percentage of revenue. That is the good side.
The flip side is that future growth (in percentage terms) gets harder and harder.
In recent weeks, we have had an endless amount of updates and new news but
for some reason, it has not moved the needle re share price. The only thing that
will take the share price over a dollar (pre-split and $10 now) is one good Quarterly
report, followed by 2 or 3 additional good reports. Will this happen? We cannot know yet.
This is what must happen in order to attract new funds. So far, it seems that funds
do not like what they have seen so far. They are saying "show me"
Q1 2017 should be a great Quarter. All 8 assets are in full production mode.
mat