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4.2¢ magnis energy technologies ltd

The TON of Tanzania?, page-61

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MrSpecter

625 Posts.

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01/11/16

22:59

Post #: 20295683
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Originally posted by tobyjack ↑

"5) The project relies on lithium-ion batteries remaining technologically supreme; this cannot be guaranteed, so, which bank would lend funds to such a high risk project vulnerable to technological change? Likewise, which shareholders would provide the required funds with such technological risk present?"

I would have thought this would be a massive problem for SYR particularly since their project relies almost totally on LIB's, as well as others targeting the current battery market/technology, yet you make no mention?

SYR has already made considerable investment in the current battery technology - a spherical graphite pilot plant has been purchased, the technology has been purchased, an internal economic study has been undertaken, plans are underway for a SGP in the US, etc. etc.

If LIB's no longer reign supreme what are you thoughts on the impact on SYR?

"Syrah has already committed to providing 59,000 tons of spherical graphite (50,000 for Marubeni & 9,000 for Morgan Hairong"

You are aware these OTA's are "marketing" agreements, as are most of their other OTAs, rather than with actual end users and are subject to qualification once commercial production commences.

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nicely put TJ.

(We miss you at the other pond. Come back soon mate

MNS Price at posting: 60.5¢ Sentiment: Buy Disclosure: Held
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