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After NASA testing is complete, MNGA might discover even more uses for the hottest burning gas that is 75% cleaner then natural gas and gives off 10% oxygen when burnt. It has very unique properties and sounded like in the cc, NASA is fully dissecting and certifying MG? Does anyone know anything about this testing? It's not really talked about but kinda a big deal for me. Should be coming soon? Only costs about $6K?
GL
Good eye. Missed that one but I could see $5.65. Glad MNGA is earning some respect.
Did everyone see the tweet by the CEO?
You are correct. I worded it poorly. Thanks for clarifying.
No. I never said that. I said I "think" they are sitting on some and the reasons are because we don't need one right now. Magnegas had requested meetings with multiple fortune 500 companies and defense contractors. MG2 is a far superior product in every category, price, safety, temp, clean and green. The list is too long. What else would they want. Oh yeah, some partner is spending over a million dollars testing co-combustion and result are due anytime. Based on the PPS, results may have leaked. All speculation.
Just giving my honest opinion and so far I have not been far off about MNGA. I use acetylene at work. I have worked in power plants, water treatment facilities and steel mills. I might have a different perspective than some and I thought I would share.
GLTY
Pre market there was 100k on the bid @ $1.77. They gave the shorts a chance to get out. I hope most took advantage. I would short the companies that make inhalers when co combustion results are revealed. I say revealed because I think they are sitting on a stack of PRs just waiting until they need more firepower.
JMO....GL
$2.40 is about when big institutional buying will start. I know my $2 billion pension fund can not invest in any companies with a market cap under $100 million. I think there are some fund manager that can't wait to get some MNGA. Once it hits $2.40 they will make sure it never comes down. This is just my opinion but I think $2.40 is when it will run it's hardest. MNGA deserves $2.40+, just didn't think the market would be ready this quick. Guess I am not used to a market correction on the plus side.LOL
Did everyone see the article now? Sorry, way to busy at work today but I learned about Dr. M from a post on this board. I printed out the free version. It's 34 pages with the sales pitch.
Jack was close with his 50 cent increase prediction. Maybe we will see that tomorrow. Good job today Jack!!!.... and GL
Yes
At work now
I will get it for you tonight
Yes
At work now
I will get it for you tonight
Dr. Kent Moors conformed what I was thinking. Every tick up conforms what I was thinking. I like how Dr. M broke the numbers down. They could become to big to comprehend but it was a good start. $1,700 a share in 10 years? Dell did it and this technology is better IMO.
That's why I only buy and I never sell.
JMO...GL
There is no reason to sell. Higher lows. MNGA hasn't dipped from it's new 52 week high. Just consolidation so MNGA can make another new 52 week high. We are 1 day closer to news and it would make sense that the meetings last month with the Fortune 500 companies would generate a deal or 2.
Jack said on 11/20 MNGA would hit a new 52 week low. MNGA closed at $1.09. Since then MNGA made several new 52 week highs. Only shorters listen to Jack and they must be amateurs because we are climbing to $1.78 after hours. I tried warning Jack. That's all I can do.
I like the environmental/ green aspect to MNGA. I would love to see a environmental group support MNGA. I think 2016 is when MNGA goes mainstream.
JMO...GL
Magnegas was only going to charge about $4 million per unit per year. For a 1,000 power plant thats only $4 billion a year for clean air. Sound kinda cheap but that would make me a millionaire several times over so as a investor, I guess I'm fine with that. LOL
GL
Good point Roy. When co combustion is implemented, just think of all the cases of lung cancer that will be prevented. Maybe you can short the company that makes inhalers.
GL
Thank for the info. You are the one that brought it to my attention that co combustion isn't that new. It's just Magnegas claims to do it better. Their flame temp is key for me. There are just so many uses. Too bad you don't own a piece of the other one. They are doing well today.
GL
What make Magnegas different then other doing co combustion is their flame temperature. 10,500 degree. I could be wrong but I thought other that did co combustion just diluted the co2 gas with their biofuel. Magnegas claims because of their high flame temp, they burn the co2 gasses out of the coal. If that's true, they are the only company that can do this that I know of. If that isn't enough, MG1 and MG2 are the only gasses that I know of that give off oxygen when burnt. Let me know if you can find any other gas that can do this.
GL
One of the things coal power plants do in order to reduce co2 gasses is they try to cool the flue gasses. To me it sounds a little counterproductive to try to cool such a gigantic heat source. It doesn't work very well. It helps and they are trying but even that cost over $60 million.
To me, it makes more sense to super heat the gasses to burn up the co2. Until MG2, there has not been gas that would burn at 10,500 degrees. They also said it burns so hot it burns up the soot. If they are talking about the fly ash from the coal that would be huge. The fly ash (spent coal) is stock piled and contains Mercury and Arsenic. We have liners under the mountains of fly ash so the Mercury and Arsenic doesn't get in the water table. This is why China's water is so bad.
Because Megnegas is made up of mostly Hydrogen, they claim it gives off 10% oxygen when burnt. Oxygen levels have been going down when pollution goes up. If we could get every power plant to pump oxygen into the atmosphere, that would be awesome. They say their claims have been verified by CCNY. Based on their spike in pps, I tend to believe them.
Don't take my word for it. Google the info and see for yourself. Just trying to help some understand what kind of market Magnegas is get into.
GL
$2.94 on the ask. Not sure if I would sell for that but it's nice to see. Co combustion is worth 100X that.
I agree, Magnegas would make a good 60 Minutes news story.
You wish you would of held over the weekend huh Jack. News is coming and pps keeps going up. I'll wait to sell. I think news is going to be big.
JMO
There were State reps and elected officials at the Defense Contractors Expo that Magnegas just co sponsored. Our CEO just had his picture taken in front of the White House and we have deals with the Navy. We also have a product that could make all coal power plants EPA compliant almost 10 years early. I think they are getting known in Washington but I emailed the President just to make sure. lol
I think Indiana or Georgia is the closest place to get MG2 right now.
Nice new 52 week high. Monday should be the start of the next leg up IMO.
Have a great weekend everyone!!!
I was curious about the same thing. I know coal power plants are lucky to operate at 67%-72% efficiency. That means they put in more coal energy then the electrical energy they get out. There is a process to making Acetylene also and Magnegas is cheaper. They pull energy out of the free waste that makes MG1 and MG2 so I think that helps there efficiency.
JMO...GL
Very strong hands holding their shares. I think a lot of people got in for the 1464 bagger and they would never sell around $2. Float is looking very thin IMO.
GL
The fines were not related to the accident according to the cc. I know a company that was fined $70k for an employee not wearing a hard hat during a crane pick and no one was hurt. They were caught again for the same thing and then it was $250k fine. $50K is a starter fine. They don't hand out $1,000 fine.
I just read Magnagases Material Safety Data Sheet (MSDS), I am R-E-L-A-X-E-D. It was issued 3-10-2015. OSHA knows all about MG1 and MG2. The Navy uses it.
GL
I think Magnegas will have all the money they need by the end of the month. When they get the green light on co-combustion, one contract will be over $2.2 million. They also have considerable revenue now. If they raise funds by the end of the month, they will wait until co-combustion result are disclosed IMO. That way it would go unnoticed.
I remember when the Ferrari F-50 came out. If you wanted one you would have to give them something like $275,000 down to get on the list and then make payments of $4,300 a month for 24 month. After all payment were made, you would receive your F-50. I can see Magnegas charging in somewhat this way for co-combustion. If you want to get on the list you will need a lot of cash down payment. They received half down payment on a Gasifier and another 25% before it is complete. I think Luisa is a good CFO and bet she nailed another good presentation today at the investors conference.
JMO...GL
Luisa just finished her presentation at the investor conference. I will be watching for new money trying to get a piece of MNGA tomorrow. With co-combustion results coming out before the end of the year, now is the time to get in IMO.
GL
Look at all the people getting suckered out of their shares. Know what you own. This is one of the few times I would rather have shares then cash.
GL
Cost effective? These utility companies are scrambling to meet new EPA guidelines. They will pay anything. They just pass it on to the customer. They just built a multi billion dollar solar power plant in California. It is basically 30,000 mirrors shining on a boiler. They didn't account for dust on the mirrors and cloudy days so it really doesn't work. They figured on using fuel oil during startup for 2 to 4 hours but most of the time they end up using it all day. They might have to shut down because they will not meet new EPA guidelines and they are only 2 or 3 years old.
Magnegas can charge the biggest premium for their products. Several 100% profit margins IMO. They just sold a gasifier with over a 50% profit margin and a 6% royalty that I estimate to average at least $10k a month for the first 10 years. $1.2 million.
I think the reason that Michigan has 3 locations to purchase Magnegas is because they are ramping up for the 3 big auto companies to work Magnegas into their production lines. No product can compare.
JMO...GL
The 2nd unit is for co-combustion. Once co-combustion testing is complete,(if it isn't already) we will hear about multi million dollar contracts almost everyday for years IMO. They already filed the patients.
I agree with you $oldier, they will have at least 133 employees by this time next year. Mostly project managers IMO. They are hiring right now. For people that like to travel all around the world, it might be a great job. What a easy sales job that would be. Do you want to stay in business or close your doors? Okay, buy my product. LOL
There are so many directions Magnegas could go. Forget about co-combustion, They could just use Magnegas for combustion. We did a small job for a company that was harvesting the methane gas from a garbage dump. We were hired to convert it to electricity. They said it powered 16,000 houses. I don't see why Magnegas couldn't do the same thing if they wanted to. Maybe 233 employees by this time next year.
GL
Thanks for the cheap shares.
GL
NASA is testing Magnegas to verify their flame temp, the amount that it is cleaner then other gasses and how much oxygen is released when burnt etc. Ban Magnegas? NEVER!!! It is mostly hydrogen. That would be like banning oxygen. LOL
The accident was from a bad valve during the filling process. It was a release of pressure. Like a balloon pop or filling your tire and having it pop. There was no ignition.
I havn't found one bad thing about Magnegas. I will continue to look but the more I look the more shares that I buy.
GL
Magnegas will see a 40-80% one day gain before they let this breath IMO. Too much money was just invested to watch this stall under $2. $2 is still ground floor for this type of technology.
JMO
P.S.
Very nice article Penny!!! Thanks for your post!!! +1 you
I had my shares up for sale for $20 a share but after reading the article I need to up that. They brought up some good points about Magnegass could also replace natural gas one day. It is 75% cleaner. That would save a lot of pollution and end fracking. I knew Magnegas was going to be big. Just not this big.
I'm going to change my sell price to $100 per share. I don't want to sell this year anyway. I would be giving profit to the tax man. $100 a share and I could retire. $1,700 a share and I could buy an island. lol
GL
MNGA is TOP 1% strength and direction on Barchart's snapshot opinion. No sign of slowing. Picking up steam if anything. $4.00+ target.
GL
I scraped up enough cash for 500 more at $1.57. $1700 target? That would be another $850,000. I will have more cash on Wednesday but I think we will be over $2 by then.
The only downside that I could see with Magnegas is they are not very well known yet but that is changing very quickly. Maybe Obama will sign a executive order to stop importing Toxic Acetylene from China when Magnegas produces oxygen when burnt.LOL Supper Bowl commercial maybe? LOL
I kinda feel bad for the shorts but they are helping us load cheapies. .....ok I'm over it.
GLTA
Barchart snapshot opinion "Top 1%" 100% BUY. I never saw the "TOP 1%" thing before. I think it means NEW 52 week high. LOL
Maybe she has been selling this whole time. Kinda hard to notice a 10k share sell when volume is over 3 million for a half day of trading. Carla is not a factor on the PPS. Long term investors swallow her shares in 5 min.
Magnegas has hit its power band. New 52 week high is on the way.
MNGA is only one PR about co-combustion away from $20 per share. A buyout is about the only way I can see that I wouldn't get a 10 bagger. I would rather see them partner up with someone to bring Magnegas nation wide. Possibly a construction company. MNGA doesn't need a partner with co-combustion IMO. Don't forget about processing waste. They are like 3 companies in one.
So far I have been impressed with MNGA management so I am excited to see their next move. I think we will hear something early next week.
JMHO...GL
I like what I see from MNGA management. It appears to me that they are attracting more institutional investors. I will be watching for the % of inst owned to go up and the short % to go down. Co-combustion news would destroy a shorter with this low float and I still think we will hear about the positive test results this year.
I agree, 2016 will be a breakout year for Magnegas but I think there will be multiple years of rapid growth. I still expect a new 52 week high this year. Either way, I buy what I can every month and havn't thought of selling anything at these prices.
JMO