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4.2¢ magnis energy technologies ltd

Ann: Placement Raises $3 Million, page-56

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Youngie75

3,153 Posts.

187

15/02/16

09:07

Post #: 17018732
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Originally posted by Names little ↑

Hi Brewbeck, re your comment "Binding agreements with SOEs are not binding", do you see the same issue with our two off take agreements, which are also with Chinese SOEs, one being the same SOE that we have a "binding" finance term sheet with I believe.

Also can you advise why you believe the agreement(s?) will suddenly become "binding" if we sign a Western Competitor. Could this action not upset our Chinese partners, perhaps they may not be willing to finance a mine that is supplying to their competitors?

Thanks

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I reckon it's obvious they are not willing to finance the mine. Everything is in place that was required to trigger the finance deal and we have nothing thus far. My Chinese is very poor but perhaps there is no direct translation to Chinese for "Binding Agreement". Seen this a few times now.........

MNS Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
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