Re: Magma Energy
in response to
by
posted on
Oct 16, 2010 12:56PM
Edit this title from the Fast Facts Section
Clearly, MXY is NOT welcome in Iceland.
It cost me dearly to learn that when a business is not supported by all the stakeholders in a community, sooner or later there will be serious consequences.
MXY has failed on that score on their major play. For that reason alone I will not buy them.
On top of that their power price in Iceland is linked to the aluminum prices; it is well known that Al prices have been up & down , but mostly down....
All of my geothermal chips are on RPG which has good diversified assets promising projects AND good management.