Alterra Power MGMXD

WHy so many AXY shareholders get it wrong

[materialsgirl]

The term "fatal flaw" is sometimes used to describe an ore body that is wonderful in most ways but it has one glaring bad point.  It could be a remote location, a risky country, irregular grade, permitting risk, lack of water, etc.

AXY has a fatal flaw and investors keep missing it.

Positive commentaries are laden with how fabulous the assets are and how there is a prospect of fast growth. But, almost everyone, misses the fatal flaw.

The fatal flaw is "management".  This is rarely addressed and when it is investors are often fawning over a great track record Ross Beaty had in a different business, mostly in a different era.

No commentary on any company is complete without a thorough dive into management abilities and flaws.

The ineptitude will likely be fatal eventually but it will be a slow death; 10 to 20 years before expiry.

mat

[daddyMac9]

Your pessimism is your fatal flaw for sure.  Aside from that run to $7 in mid 2016, basically anybody that has bought the stock in the past 3 years should be sitting on gains, with a nice pipeline of projects ahead for continued growth.  If nearly 100% of shareholders voted to keep the board, but you think they are terrible, who is likely right?   Just keep buying when it dips into

[materialsgirl]

daddy; The rise that you mention was not based on any material fact but rather irrational exuberance and a dream that management could right the ship.  I too expected that the increasing revenue (production was up by over 50% in the latter half of 2016)  would make the organisation more cost efficient.  And yes, it did do that to some degree but the continuing results are

[R_J_]

‘"Bad management" is shouting back at us.’ ~ Mat - I am perhaps the last person to attack management, Ross Beaty. - However, I found this discussion by Marin Katusa may somehow be lining up with Mat’s observations/radar, and also hopefully be the key to a new leaf. - Quote: - The Ross Beaty franchise/brand got a black eye because of the Anfield Gold screw up. Anfield Gold was intended to

[materialsgirl]

Thank you, RJ for posting this.  There is nothing in the text or observations that I disagree with. I had no knowledge about the latest mining failure. The nuts and bolts and guts of AXY seem to be wonderful.  That is why I have not sold. Let's hope that this plays out positively mat 

[BoldForbes]

We cannot be afraid to make mistakes; nor severely punish those who dare do.   Making mistakes is one of the best ways to learn.  It is minimizing or not repeating the same mistakes. If I was afraid of making mistakes I would stay inside all day, not talk, and for those who have read some of my posts, not type. ;O  !!!!  LOL Sharing ideas, learning from them and sharing what