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4.2¢ magnis energy technologies ltd

Ann: Tanzanian Update on Nachu Graphite Project, page-226

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SteveSage

3,024 Posts.

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24/05/18

20:18

Post #: 33298017
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Originally posted by RJayz ↑

Come on @SteveSage , you say discussion is pointless but then you make the below ridiculous comment -
unless there is some progress in Tanzania by end of June/July, expect the price drop into the 20s
Tanzania is not the prime focus anymore, that’s been pretty clear from all recent announcements. Batteries Batteries Batteries. And before you say it, we don’t need Tanzania to get Graphite. If we get funding for a battery plant that comes with funding for a mine, that’s a big bonus but it isn’t essential or critical at all...lucky our management had the brains to move from raw materials to end products
For those stuck on Tanzania, sell up, we don’t need you. If your looking to the future, get on board - NY, Townsville, Germany - expect to hear more developments as the team work hard behind the scenes for us Holders!

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discussion on the SEZ is pointless; what we need is progress on the mine

as for battery battery battery, if they can't get a couple of hundred million to fund mining what they say is unique graphite, then what chance do they have of raising a billion to fund a battery plant?

Also take a look at graphite prices vs battery prices and see where the margins are

MNS Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
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