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4.2¢ magnis energy technologies ltd

Ann: Agreement with Tanzanian Government to progress Nachu, page-50

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McGee

134 Posts.

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09/03/18

10:35

Post #: 31641849
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Originally posted by Trommel ↑

I doubt there will be wriggle room for companies like KNL without an SEZ. You will need to stick to the new legislation completely which will make getting your business up and running almost impossible.

I'm sorry to say but KNL and others will find it extremely hard to establish themselves unless you do the same as UNX and dig/quarry only (under the mining legislation) and pay MTT to process it for you so it can leave the country.

Other Tanz G stocks have shown interest in Magnis processing their ore or concentrate and provided samples. They are the smart ones. Wonder if KNL is one of them?

All IMO and DYOR.

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Nah will be the likes of VRC given the connections and proximity to Nachu I am guessing.

MNS Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
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