OTCPK:MGMXD - Post by User
Comment by
materialsgirlon Aug 14, 2017 3:05pm
150 Views
Post# 26579650
RE:Why the drop over last two trading days?
RE:Why the drop over last two trading days?RDK
Yes,the reasons for the share price drop can be seen fairly easily. With the benefit of hindsight of course.
1 . AXY lost money once again as is its habit. Investors hope that their addiction to losing money will end eventually. Losing money is never a good thing
2 The announcement that the Icelandic partner stuck it to them and refused to sell Blue Lagoon.
The sale of this asset was baked into the share price and now that plan has been killed.
The troubling thing is that AXY employees are like government employees. They do not take responsibility, there are no consequences for bad decisions or bad results and they cannot be fired. The Board is a bust.
mat