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Bullboard - Stock Discussion Forum Alterra Power MGMXD

Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.

OTCPK:MGMXD - Post Discussion

Alterra Power > 20 % increase easy money
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Post by Newstock44 on Sep 09, 2015 10:53am

20 % increase easy money

The rush can't come fast enough, but patience will pay, .45 cents will look good in March , I am accountant on that .. When do assets become assets in this business, the financials should show some big improvements in the next 6 months. Big news could be just Over the Gates don't Buffett on my news Zucker.  just my thoughts and cheers....
Comment by materialsgirl on Sep 09, 2015 12:08pm
It will be May 2016 or 8 months from now before we get the Q1 2016 report.  We will not see much improvement in the financials until then. But investors can be anticipating the results before then based on press releases and industry gossip. One possible huge point will be the likely listing in USA together will a 1:7 or 1:10 share consolodation.   This might be announced with the Q4 ...more  
Comment by BoldForbes on Sep 09, 2015 6:28pm
North American is free to buy AXY via MGMXF...but I get your point!
Comment by SimplyRunRig on Sep 09, 2015 6:50pm
I'm in via MGMXF, but likely funds are not (what matgirl referred to) due to being under $1. Yeah, I'm about 50% up in $CDN, but down about 25% in $USD due to the currency fluctuations over the last year... Shannon wind farm would be paying in USD, would they not? That might make a minor difference...
Comment by R_J_ on Sep 10, 2015 1:28am
Rick Rule operates a full service investment firm that specializes in Canadian resource stocks. Although relatively expensive, IMHO it is the only place an US citizen can purchase Canadian stocks. Actually their clients stock portfolios list MGMXF not T.AXY. They have the drill down so well that you just assume your getting T.AXY. - I would not recommend trying to move large amounts of ...more  
Comment by SimplyRunRig on Sep 10, 2015 10:50am
You could buy AXY directly on Canadian (and other) exchange w/Interactive Brokers...they would do the currency conversion on the fly. I don't use them because my account is linked to my 401k, so I am stuck w/MGMXF. I have co-workers w/IB accounts though, and they have bought other TSX and TSX-V stocks directly. If I ever open a separate account, it'll probably be w/IB though.
Comment by Beetle21 on Sep 10, 2015 12:12pm
Hi R_J_, I must say that your situation surprises me. I trade online with one of the "big 5" Canadian banks. I have access to any US listed stock. I can buy and sell any US security I have ever looked at. I am astonished that you seem unable to get to TSX listed stocks on your own. I am not familiar with your situation. If you don't mind me asking, do you trade for yourself online or ...more  
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