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22:23
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Originally posted by emugrasshopper:
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who knows what was really happening with Tesla. I saw it a crock of shit with the pre-requisite of a pilot AAM plant operating by a certain date and then full production thereafter. Other red flags: hired JLL to find suitable sites. Typical Magnis ‘MO’ to include big names to legitimise their announcements. Same as other announcements with HSBC, PwC, Worley, Tesla, JLL etc. We saw big announcement that a AAM site was secured with a ‘letter of intent’ - what’s that mean? In property it means SFA. With this self signed letter, they went cap in hand to different tiers of US Gov seeking loans and grants. The stupid thing was the AAM plant was to be supplied with graphite from Nachu. How was that possible with Nachu still a piece a paper with Tanz Gov? I think after asic dropped the first investigation, Frank thought he was smarter than the Gov in Aus & US and this empowered him to chase new fantasies. The guy is sick
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You left out the corporate deal with German company Siemens, when you read through that announcement it could have been to use a local wholesaler to provide power points and double adapters to IM3NY, which it actually was!
(20min delay)