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4.2¢ magnis energy technologies ltd

Magnis buys $200 million of battery making equipment for $5 million, page-6

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tony2times

697 Posts.

176

08/02/18

10:54

Post #: 30910492
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Originally posted by robbo24 ↑

Hi Tony,

You are aware that just because a company invested $200m in something, it doesn't make it worth $200m right?

The MNS announcement juxtaposes the capex investment in an unsuccessful business and implies that is what the plant was worth - however, as we know, the market value of the plant is $5m.

Your post title is inaccurate, let me fix it for you:

Consortium in which MNS has an unknown share, pays unknown portion of a $5m purchase price, for plant that was freely available to anyone on the market at auction, for $5m (market value therefore $5m) and raises $5m by capital raising at the same time which gives a seemingly false impression that the $5m is going directly towards the purchase when there is no statement to that effect (therefore probably going towards keeping the lights on).

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Robbo24 maybe you still do not get it.

Hope this helps. It shows the equipment a bit better.

Last edited by tony2times: 08/02/18

MNS Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
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