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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 > HOLDING FOR THE LONG TERM
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Post by investor63 on Feb 22, 2017 5:53am

HOLDING FOR THE LONG TERM

Hi, new to this site. Been in the stock MGMXF for about 3-4 years, building a position slowly and deliberately. Admire Ross Beatty and its amazing what he has done in a such a short period of time in his first foray into green energy. He definitely has the Midas touch. Just think where this stock will be in 10 years or so. Ross will probably quadruple the assets (if not more) and if it goes down in price , Ill buy more.
Comment by materialsgirl on Feb 22, 2017 11:26am
investor63; In this age of Donald Trump, many stories are becoming fact free. Ross Beaty has been an abysmal failure, a value destroyer in green energy. He was both smart and very lucky in the mining arena.  So far, for 7 years, he has led a value destroying crew in green energy The above comment is based on fact.  Check the lasr 25 Quarterly reports and weep. Your Midas ...more  
Comment by 4PCneanderthal on Feb 22, 2017 4:12pm
How about agreeing with both!  One time frame is seven years the other is 3-4 years.  I bought in 3-4 years ago like investor63.  My basis allows me a gain of 22.5% as of today.  If I'd bought seven years ago, it appears I'd still be in the red.  My opinion might be based on the time I'm in.  But I'm defintely long, for now. Decline if you wish, a ...more  
Comment by investor63 on Feb 22, 2017 5:05pm
My brokerage acct is doing ok . 2x original inestment. He hasnt destroyed my wealth. And I think he has made the planet greener. This is a tough business and to accomplish what he did surprised even me. Can you remember what assets he had 5 years ago. Not nearly what Alterra has now. He got Iceland up and running, expanded it, all the politics. had to squash Bjork. Pivoted away from geothermal ...more  
Comment by investor63 on Feb 22, 2017 5:08pm
thats investment not inestment. oops
Comment by R_J_ on Feb 22, 2017 6:49pm
As I read this thread, I felt a funny feeling on my lip. I realized that I was smiling, almost laughing a little bit. - Investor63, and MaterialsGirl, both treasures. The Alterra Yin-yang. Priceless. - Thanks for the fun. - RJ
Comment by materialsgirl on Feb 22, 2017 10:23pm
R J You are very welcome mat
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