MNS 0.00% 4.2¢ magnis energy technologies ltd

Funding for NY li-ion battery Factory, page-75

  1. 2,963 Posts.
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    I'm a long term holder, but I have to say whatever some of the people have been smoking/drinking on this forum, perhaps best not to do that why you are investing real money.

    The only critical issue is the mine in Tanzania and when can they get financing to build it or a confirmed order which may help with the financing. I thought there was progress with the agreement with the government, rehousing locals etc., but we are now back in standard MNS drip drip drip announcement territory.

    A miner who is paying a couple of specialists in lithium/battery technology does not become a technology leader in that field, especially when you have multibillion dollar companies (power, car, battery etc) spending multibillion dollars researching this. If you really think those 'experts' at MNS are leaders in their field, then why are they not earning millions of dollars (from MNS or anyone else who is desperate to crack this field)

    As a long term holder, I'd like to hear that somehow Frank has pulled the rabbit out of the hat & secured financing for the mine (even somehow by associating with all these consortiums and getting them to buy the stuff), but in all honesty, most people are not handing out free cash so either that mine is viable or it's not and Frank should focus on that rather than this nonsense drip drip drip announcements to perhaps justify the company is financially viable (3-6 months max on current cashflow, so we are back in dilution territory soon if nothing changes).
 
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