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With this latest press release, I would have to assume that the 3 year net profit does not include any sale of Lithium or any other material obtained from the process. Otherwise, the net profits are not very impressive.
Well, at least they are showing employment and acceptance of their technology in the oil industry...
This is a good company whether or not it becomes a buyout target. For a buyout, I would think a company like Tesla, which has been hinting about locking in the supply of lithium by buying a Lithium mining company, would be a good candidate.
There had been mentioned in previous MGX news releases that rare earth elements could be extracted from their water purification process. If that's true, the rare earth market demand alone should push the stock price significantly higher, of course depending upon how much they are successful in extracting. Take a look at LYSCF stock price as an example of a rare earth company effected by tariffs on China.
It looks like it will have a different designation for different investors. It finally answers the question.
This is a sleeper stock. It is only going to move on the financial significance of it's news releases. I can only project via a guess that's based on the number of active operations this company has made mention to historically, that the price should begin moving sometime in the fourth quarter. Again, it's a guess that depends on many factors. If you take what this company has in the works, even if one or two of their goals are met, I can't imagine the stock being priced less than a dollar over the next year. And then a dollar for each year after.
Also, volume needs to pick up and show sustainability.
I'm waiting for the stock price to break and hold above $0.20 before adding to my positions.
Entry at this level appears to be very low risk. We should start seeing some nice moves into the 4th quarter of this year and certainly all of next year. Time will tell. GOOD LUCK!
Refer to their website postings on this subject matter. They indicated that was to happen. I haven't read otherwise.
Focus long term. The price will move according to the number of installations, which will take time. This is a very good company with a lot of upside potential.
There are price breakthrough points at 0.50, 0.80, and 1.00 with a top level target at 1.6.
What materials are used for EV's?
https://www.businessinsider.com/materials-needed-to-fuel-electric-car-boom-2016-10
I had mention my observations of EV's hitting the market ahead of schedule:
https://about.bnef.com/blog/electric-transport-revolution-set-spread-rapidly-light-medium-commercial-vehicle-market/?sf102752877=1
That's a lot of Lithium!!
I had mention my observations of EV's hitting the market ahead of schedule:
https://about.bnef.com/blog/electric-transport-revolution-set-spread-rapidly-light-medium-commercial-vehicle-market/?sf102752877=1
That's a lot of Lithium!!
A number of lawsuits:
https://finance.yahoo.com/news/klein-law-firm-reminds-investors-164700061.html
https://finance.yahoo.com/news/4-day-deadline-alert-schall-152000233.html
Not a company I would want to be involved with. Hopefully it works out for everyone else...
This stock is a long term investment with excellent potential, should even half of what they do materializes. How much long term? Starting later this year and with revenue flowing, the stock price should start to show some life. Using that as a starting point, I would expect that stock to hit around 3 dollars within 3 years, as a conservative estimate.
I work in the auto industry (electric vehicles). I am amazed at how fast electric vehicles are hitting the market. Base on my original understanding, this massive move was not to happen until after 2020 and even then, only feathered into the market place. The release of these new vehicles are more than a year ahead of schedule, but are in volume. This should translate to higher demands for Lithium (pushing up the price per ton) near term. We shall see. Those who are interested in some kick-ass machines should take a look at Jaguar and Audi!!! SWEEEET!!
https://mashable.com/2016/10/06/fracking-water-use/#y8ef2voI9Oqn
It doesn't take much to find on the web just how big water pollution from oil companies really is.
Rocket67; The possible contracts I'm referring to are contracts that would be issued by the Canadian gov to recover the billions of gallons of polluted holding lakes that the oil companies have used to dump their waste.
This level of pollution and the Canadian gov concern over this pollution should be driving oil companies to reconsider how to stop this level of pollution. This might drive a possible contract from the oil companies to stop using holding lakes and to start addressing the problem at the sites. There is a cost savings, as I understand, to the oil companies to do this.
These are possibilities. Time will tell.
This has nothing to do with MGxmf directly, but it shows that electric boats are real and could be a great application for MGXMF zinc ion energy storage system:
https://techcrunch.com/2019/02/17/seabubbles-flying-electric-boat-miami/
That's the plan, but that's been the plan for the last 40 weeks!!
There are times when a company like this one could land a major contract, either from the Canadian Gov or a Major Oil company. If that happens, we could easily see to stock pop into the 2 dollar range or higher. It is wishful thinking, but not an unreasonable possibility.
First revenue, then profit. Refer to article:
https://www.mgxminerals.com/investors/news/2019/460-mgx-minerals-announces-successful-commissioning-of-alberta-oilsands-wastewater-treatment-system.html
I estimate that they should be covering their cost of operations within a month or so, so this first half of the year should show signs of profit.
It is 340 Billion Gallons of TOXIC SLUDGE, just to be clear!!!
Oil company Liability at 27 billion dollars....I would think oil companies would be a bit concerned...
I think Bloomberg is arguing with you on the pollution issue:
https://www.bloomberg.com/news/articles/2018-01-16/340-billion-gallons-of-sludge-spur-environmental-fears-in-canada
MGXMF is slowly making it's way into the oil sector as a problem solver for the oil industries fracking pollution problem.
This is pure conjecture, but if pollution from fracking is really a big a concern for countries like Canada, I would expect that once MGXMF becomes a world recognized solution to resolving big oil company pollution, nations like Canada might pass legislation to force oil companies to use this type of technology or anything similar to stop the massive pollution created from oil companies using fracking.
The bottom line here is that oil companies using fracking can no longer claim that there is no solution to their fracking pollution.
It will all boil down to who is more concerned about pollution, oil companies or the government. IMP, it looks like both win using a technology like MGXMF has. It's now a wait and see game....
I consider this stock to be a long term investment. I've been buying dips. I expect the stock to reach a 3 dollar and above within the next two years or so.
Not certain about the whole stock spin-off thing (I'm in the U.S.) and it's been made more grey-er by the different countries stock exchange confusion (anyone from the U.S. might not get any shares - this has not been verified, so don't take this as fact).
Looking at the Zinc technology, they are in production, so if they do not have customers, that would be a problem!
Bring on board Ron MacDonald as one of its Board of Directors, implies to me that they have customers and New York City would certainly be a major customer once this technology have been field tested by the NY.
The technology certainly looks good and based on the comparison of energy storage technologies, the Zinc technology is by far the cheapest by many orders of magnitude. So...it is a very cost effective solution for energy storage.
I wish I had the money to take that technology into the boating industry. If someone is out there with a little extra cash, this would certainly be a great venture!! I would love to go into a venture with someone who has the same interest. You could make millions just pushing this technology into boating.
I had mentioned in an earlier message, the massive infrastructure of Lithium battery market and how hard it would be to have a new technology replace it in under 5 years...This article enhances what I stated:
https://www.stockgumshoe.com/reviews/nexgen-investor/thinkolating-on-the-breakthrough-quantum-glass-battery/
Its not clear if the FDA, at least for this function, is actually operating under the gov shutdown. Does anyone know? The FDA website is not totally clear as to whether or not.
And the first sign of a "dime"!! Yes!! I believe in Santa Claus!!
Ahhhhh!! The first sign of revenue!! In addition to generating approximately C$30,000 in revenue for the Company during the study period, the system was highly successful in achieving all treatment chemical key performance indicators.
That dime is just around the corner...ok, then the next corner....or maybe the next corner...
Yeah, a lot of painful waiting, but just like believing in Santa Claus, ya-got-ta believe....otherwise, you get no presents!!
News like this is why investing in Lithium companies makes sense:
http://www.bbc.co.uk/news/business-46745472
An important key for why demand for Lithium will be around for more than 5 years is market infrastructure for Lithium. That infrastructure is so massive, it would be very hard for any other energy storage material to capture much of a market in that 5 year window. True, it can be done, but not very likely.
Their burn rate is God awful, but the 7.3 million seems to imply an effort to stay alive for at least 3 to 4 more months...which might indicate something big could happen before April. Hence, June options might be the best gamble.
Well, they survived 2017 and 2018, even though they were supposed to run out of cash..
2016: Shares of CorMedix Inc. CRMD, -5.20% plunged 22% in premarket trade Friday, after the biopharmaceutical company said it currently didn't have enough cash to fund operations through 2017, given expected clinical trial expenses.
I admit a small error...it's 3 units every other month with accelerated production after the second half of 2019. Which might average out to being 2 per month...
From MGXMF announcements:
A new 10m3 high temperature, high pressure system, is near completion and is expected to be deployed on site in January. The current 5m3system will continue to operate and process water from customers. Additional systems are expected to be deployed approximately every other month through first and second quarter of 2019, with a significant acceleration of deployments thereafter.
Three additional (2 x 10m3 per hour and 1 x 20m3 per hour) systems will be deployed, approximately every other month, during the first half of 2019.
The link below is why MGXMF's investment in anode technology is so important. However, anyone who introduces technology to increase Lithium energy storage capacity would extend the life demand of Lithium. Elon Musk knows from his scientist that Lithium's storage capacity is yet to be achieved, that's why he invested heavily into his Mega factory.
https://www.benchmarkminerals.com/elon-musk-our-lithium-ion-batteries-should-be-called-nickel-graphite/