Maxim Power Corp T.MXG

Progress Update

[longrun86]

I imagine an update is due.

It would be nice to get some clarity on the insurance eligibility including amounts received to date.

A construction update is also in order including a bit more information on what is required, by when, and how much it's going to cost. The last estimate for a return to service was July. That may be conservative depending on procurement timelines.

Shares are cheap but volume is low.

Let's hope for a good update soon!

LR

[ukrop13]

This post has been removed in accordance with Community Policy

[tinkvid]

I am holding for longterm....Management is the key, their equity is the key, NCIB ongoing, Power generation is NOT going to subside anytime soon.  Yes low volume but what is the public float being that the insiders hold over 73% of the shares O/S.

[longrun86]

You are right on all of those points! I see that the NCIB is still chewing away at a few shares here in both January and February (but relatively small amounts). The share price bouncing back up at $4.29 was a bit of a pleasant surprise. In the long run the shares still seem to be extraodinarily cheap relative to FMV once this is producing. Power prices in Alberta are still entirely confounding

[tinkvid]

Slow and steady ascent is fine by me....This company is Results driven, NOT news driven. Management has a firm grip of the wheel....Put this one away in your top drawer and revisit in 2 months!

[tinkvid]

I Guess more like a 10 days.....Full year results must be good!

[JerJohnston]

One has to wonder if the insurer is going to simply approve their BI claim.  You would think that a fire during construction warrants a search for who created the spark. 

[longrun86]

My understanding of the situation is that the source of the fire was from a welder who had a mishap. we should find out soon enough if the second insurance claim will be accepted.