MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Magnis Raises A$4m in Placement, page-53

  1. 1,226 Posts.
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    Certainly seems that way to me and has done for a little while now.

    I have held since UNX days as well and I don't mind admitting that I am a tad concerned about the finance from SINOMA. All govt approvals are done. MNS would have no problem at all raising $20M if it meant the US$150M was forthcoming. We were hoping to be a part of that raising. I don't understand why the delay....
    More offtake agreements I hear..... How big are we talking? 20Mt/a? because we don't have much more capacity than that (depending on which ann you read, 200kt/a is it) So that is 10% of total production. Why delay 90% of total Capex for the sake of 10% of capacity, I don't get it.

    Please wazbee, spit out what you are trying to infer to give me some confidence because I certainly am losing it by the day.

    I resisted selling a % of my holding today as the SP held up very well, closed on its high no less, but my finger is hovering on the sell button.

    Give me something!!
    Last edited by retired2021: 12/10/15
 
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