OTCPK:MGMXD - Post by User
Comment by
materialsgirlon May 12, 2017 4:57pm
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Post# 26239249
RE:1Q2017 Conference Call & Target 2020
RE:1Q2017 Conference Call & Target 2020Your comments are thoughtful and reasoned Bold Forbes.
My thinking is that we have moved a long long way from being a concept stock. AXY has proven to be able to plan a plant, finance it, build it on schedule and on time and then produce electricity. This is the good news.
The bad news is that AXY is still a concept stock as far as earning money is concerned. Their footprint has been one of losing money and losing money. In part, the reason is because head office overhead is way too high as a percentage of global revenue. The other reason may be that they have done bad deals as far as their selling prices go.They need to chop chop chop costs in the Vancouver office in part by cutting remuneration by a lot.
mat