MNS 0.00% 4.2¢ magnis energy technologies ltd

Point Number 5, page-5

  1. 16,646 Posts.
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    Hi Tony, I hope you are having a good weekend,

    I am not a shareholder of SYR,

    I would like for you to substantiate your following claim

    "I would say Magnis in their wisdom could foresee that if Syrah for example can not make a profit will they flood the market with even cheaper graphite just to stay alive although with escalating debt how long will they last?"

    I have only had a quick look at SYR March QTR financial report and the 2017 Annual report,
    could you please point out to me where it says that SYR has any debt ?
    It would appear to me that SYR is currently debt free, They certainly could undercut a company like MNS who needs to borrow / invest $269Mil USD = $358Mil AUD to fund there graphite project,

    http://www.syrahresources.com.au/investors/downloads/558
    http://www.syrahresources.com.au/investors/downloads/547
 
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