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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 > Excuse # 127 this time for Q2
View:
Post by materialsgirl on Aug 11, 2017 9:30am

Excuse # 127 this time for Q2

As we expected (or should have expected) AXY lost money in Q2.

I am glad that some people are pleased but I can see nothing at all to be pleased about.
The big bad blow was the inability to sell Blue Lagoon.  The Icelandic partner is behaving in a way to encourage AXY to sell out everything there at a low price.

Excuse number 127 is copied below.  Their bag of excuses contains several hundred pre-packaged excuses. Do not be worried that they will run out of new ones over the next decade.  They will not run out

The Company recorded a net loss of $2.8 million (comparative quarter $3.4 million net income), primarily due to non-cash changes including changes in the fair value of derivatives and foreign exchange movements, and increased finance costs
Comment by BoldForbes on Aug 16, 2017 9:39am
Apparently, I have lowered my expectations for performance => easy to beat.  This might be a reaction to some of your points. The market increased the expectations for performance => apparently management did not meet and therefore the stock price will not have a positive 50 day and 200 day average. Is the stock training you to sell at $6 CAD and buy at $4.50 CAD? The EBITA earnings ...more  
Comment by CarpyDime on Aug 16, 2017 1:03pm
Renewables are a long-play. Even the small-scale solar system takes, what, 15 years to actually generate a real RoI? I know many farmers who got in on fixed pricing for solar power generation (in ON) not because they saw immediate profit, but because they saw long-term revenue potential.There was no expectation of an immediate return. They did it because they could leverage the capital they had ...more  
Comment by Newstock44 on Aug 16, 2017 3:41pm
Agreed its for the long haul, but what most people in the business world thinks is improving your business every year, but with renewables it's a given, I hold most of my Axy in my RRSPs ( for you Americans 401K) and those are for me in 15 years time. The rest are in a tax free account and have made over 50 percent to date, buy low sell high and don't just sit on these ones...the value of  ...more  
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