OTCPK:MGMXD - Post by User
Comment by
BoldForbeson Oct 05, 2017 7:58pm
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Post# 26783570
RE:RE:$4.18 USD & I am Full
RE:RE:$4.18 USD & I am FullRDK,
Well, you would have thought the right ingredients were coming together?
· Investment banks on deals
· Partners to ensure financing for projects
· Reduction of debt
· Better understanding of Iceland value
· Projects in pipeline
What are they not doing right? Not certain, speculating:
Communicating?
Step into leadership roles in the industry?
It could be the wrong industry at the wrong time…
Perhaps not communicating enough in the pipeline?
Perhaps not growing via stock merger? I don’t want to be diluted; but I wonder how many opportunities there are out there to “acquire” smaller projects using stock. Using restricted stock so they seller could not sell for 3 – 5 years either. This could expedite growth and power generation.
This issue is the smaller players may be desperate for cash (and not being able to get financing), thus forced to sell their project…so a merger may not work because AXY would not want to liabilities (although accounting tricks could increase goodwill assets…which eventually result in other issues) and (once again) the smaller guys just want cash or control (need or fill ego)…
It does seem as if they are serious about going after profitable projects. This takes time. I am sure the first time someone meets them they think they are going to get rich quick! On AXY side, they see a good opportunity, but are looking for a win. The two parties dance. But who is going to call who first? Who is going to give in first? Don’t expect AXY to go chasing (I hope they don’t do this).
I think the market wants them to be moving faster…
I wish they had 2 or 3 times as much going on…it is way too long between announcements for all of the good cheer. I am looking for significant project wins! I am looking for significant power generation to be online by 2020…I am looking for them to beat the 3Q2017 estimates (from today’s sell off not likely).
I am still a fan, still confident; I have had course after course and my stomach is full. I don’t need to snack on any more shares.
I do need for the company, board, managers, employees, partners, subs…to execute!
I hope investing in green returns green and doing get me feeling green…
They keep on doing things for the future, but the future is always 3-5 years off…will we ever get there?
BF