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To quote you from past quote “why don’t you look in your crystal ball”!! Are you worried now that you lost most of your $$$ on this pig???
My all in Price is .68 cents. If it can’t get back there that would be pathetic
These clowns better get their act together fast or this stock will be zero
Wow sounds like they may make near 20 million next year which should mean no more private placement/dilution. Great stuff! Everything looks great right now except for the share price
I don’t see how this news causes the stock to drop 17%. If anything it lends more credibility to the firm that they are following through on deliverables
You aren’t factoring in the other minerals they will also extract or the $$ they will make from water treatment
Agreed
Ok I bought more mgx is on sale... get the shares cheap while you still can
The headline says:
MGX Minerals Announces Deployment of First Rapid Lithium Extraction System
Notice the word first that is why I’m curious where the other 2 installs you claim are? And I cannot believe the stock is down on this news.
Got it. Where are the other 2 installations?
Wouldn’t they also make money from the wastewater treatment?
Agreed but the point is that they finally commercially deployed a unit. I don’t think they would have done this if it’ was vaporware
This is huge news and what I’ve been waiting for!! Buy with both hands while it’s still cheap
The key word is multiple clients... I’ll assume that any lithium and other minerals they extract will be theirs
VANCOUVER, British Columbia, Oct. 02, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to report that engineering subsidiary PurLucid Treatment Solutions (“PurLucid”) is shipping the first petrolithium and advanced wastewater treatment system on Monday, October 8th. The commercial-scale 750 barrel per day (bpd) system will be delivered to a centralized treatment and processing facility north of Edmonton and proximate to the Alberta oilsands. Installation of the plant will take approximately three weeks to complete.
By installing the system at a centralized facility, PurLucid will be able to take delivery of wastewater brine from multiple clients. The brine will be processed for lithium recovery, wastewater purification and disposal of residuals.
They must have read my post!!! They shipped out the first unit!!! Finally
Yea that’s the issue” if all that is written about this company is true” I am starting to have doubts about that. CEO has been talking about showing revenue for over a year and nothing. Has anyone bothered to look at their latest financial report? They have a little over 1 million dollars in the bank so you know what that means.... more share dilution. The rapid lithium extraction technology is a game changer but I’m wondering if their technology will be the one that actually works. They do not have enough cash to extract the magnesium from Driftwood Creek unless they really dilute the shares or take on a boat load of debt. It is time for this company to blank or get off the pot! Stop with all the bs news releases already.... nobody cares that you drilled some holes in the desert. And by the way they spend a ton on all that news which would be better spent on actually ensuring revenue instead of bs’ing about it! My two cents!
Things aren’t looking good for mgx. No revenue....no credible timeframe for revenue. Looks like Jared fooled us all! Shame on us for buying into his bs. Guess we all have a tax write off.
How do they plan on spending the cash? On the magnesium mine? On production of lithium extraction? They need to start monetizing what they own.
Is everyone aware that we are acquiring shares of the zync oxide battery company they purchased?
What’s up with this dog?? Breaking 1.00 is not a good sign.
Yea baby go go go !!
The Canadian govt just invested 8 million in pur lucid. Explain that please
Yea and Bitcoin is legit! Ok
Some dbag sold a bunch off at cob! Ughhh
How close is mgx towards actual lithium production using their technology?
This is one heck of a move today. Any news? Volume is over 3.3M shares and climbing. Something could be up.
Gold held up remarkably well today and for the week considering the plunge in oil prices. I find this to be very bullish for gold. If gold can get over 1250 it should run to 1300 which should make ANV shoot up like a rocket ship.
Not sure if anyone can answer this but for each share that was purchased under the new stock offering the share holder is entitled to a half warrant:
in connection with the purchase, investors received one share of our common stock and one half warrant to purchase our common stock for a price of US$1.00. Each whole warrant entitles the holder thereof to purchase one share of our common stock at an exercise price of US$1.10 for a period of five years from the closing date of the Offering
What happens to those warrants if the company decalres bankruptcy?? Are those warrants wiped out or will they be accessible after the company restructures? If the answer is the warrants are useless then this stock is a screaming buy beacuse a partnership deal is right around the corner IMO
Is the bottom in at 73 cents? Thoughts? The book value of this company is at least 5 dollars per share and why go through the stock dilution if they didnt have something up there sleeves like a JV deal or outright buyout thats imminent? The CEO spoke very clearly that he did not want a buyot but a JV deal or Streaming deal. Seems to me like they put in for 21.5 million shares as it was enough money for them to clear time for whatever deal they have cooking otherwise they would have authorized a much larger share dilution as many expected.
Thanks John.
Does anyne think this pig can get back to $2 a share? I think the management of this company are horrific. For all we know they have a deal worked out with a big miner and are announcing it in a few weeks after they line their pockets with cheap insider shares at $1. They have over 500 tons of gold, more then most countries and they are trading at under 1 dollar?? Makes no sense.
DXY is up over a half percent to 88.20. OIL is up too. OIL and GLD priced in dollars yet both higher. Tells me inflation may be coming. Peter Schiff saying gold hits 5K soon. Russians buying the hell out of it. Putin probably knows he can keep GOLD going by pushing further into Ukaraine and border countries. Interesting days. Im hoping ANV can bounce over 3 but 2.50 may be next high. Ill take either considering it was 85 cents not too long ago.
OK, an intersting thing is happening today. The DXY is up and Gold is up. Its telling me that with the ECB entertaining more QE, Japan moving ahead with QE and China lowering rates that it doesnt even matter if the Dollar is strong (which we all know it is not with 18 trillion of debt). This could set up a very bullish run on GLD and huge move up for ANV.
This is depressing. This stock is trading like its going out of business. i saw that in 2008 it went as low as 1.87 before ascending to the 40's in 3 years time but that was when gold was heading higher. All the pundits are saying that gold is headed lower, if that is true this stock doesnt have a prayer unless someone steps in and buys it.
Not that I am aware of, no. For all of the people out there that took a beating there is a light at the end of the tunnel for gold. I am loading up on some ridiculously cheap ANV and GDXJ.
Read this article:
http://online.barrons.com/articles/charts-suggest-gold-will-keep-on-falling-1414707398
ANV needs to make an announcement on their financing which I assume they will do when they release their earinings next week. They paid down over 50 millon of debt the last couple of quarters which is significant but they based a lot of their cost model on 1300 gold which is now out the window for the time being. Im assuming that based on them paying down that much debt they are in it for the the long haul. What they need real bad is a big partner to help them finance Hycroft. If one of the biggies doesnt want to get involved I dont know why they dont go to a Chinese bank or investment group for capital infusion which would eliminate any kind of financing issues and send the shares upward. All of the Juniors are getting slammed and most are at fresh lows but ANV is getting particulariy hard hit. Management needs to step up fast. If they do regardless of the share price this ship could turnaround very quickly.