OTCPK:MGMXD - Post by User
Post by
4PCneanderthalon Feb 02, 2017 10:47pm
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Post# 25793125
Headwinds and Patience
Headwinds and PatienceChange is difficult for most people and in particular for those of a certain political persuasion. It seems one side may embrace a certain idea and the other automatically assumes the opposing side, even if the position is based on alternate facts and reality (clean coal, REALLY??). Add money and change becomes harder as money corrupts those to protect what they have. The headwinds are slowly softening. Some of the against side understand the importance of clean energy but must whisper their support. Competitive pricing is becoming real. Forward thinking companies are buying renewable energy directly to supply the various building needs.
Startup green power companies are challenged with low stock prices, long lead times (particularly geothermal), borrowing opportunities and political headwinds. Takes a long time to go black after years of red. Takes patience.
I've been fortunate so far after four years of patience, US Geothermal +26%, Alterra +30%, Polaris (formerly Ram and reinvestment after the reverse split) +20% and Ormat +225% (wish I'd invested more). My only loser is -86%, was Nevada Geothermal than Alternative Earth Resources and now Black Sea Copper and Gold. I still see very significant upside in all. Who knows, maybe Black Sea Copper & Gold will be the big winner.