MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Funding Update, page-10

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  1. 2,990 Posts.
    lightbulb Created with Sketch. 1136
    So no real change on what they told the ASX on the 13th.

    What is the point of this announcement.....seems like it was made to shore up the price while they get the $5m from the cornerstone/strategic investor.

    Clearly nothing on Nachu given 'site visits in this current quarter'. Also wonder what the site visit is meant to show the potential investor? Not aware of any company having much progress in Tanzania, so I can only guess that these investors will bring money to the table to hopefully move forward with a combination of mine development and complying with the terms/requirements the Tanzanian govt laid out last year. If that is the case, I'm hoping MNS mgmt don't sell the golden goose to fund the mega-dreams elsewhere.
 
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