The ANN does not come at the best time, unfortunately. Magnis ought to focus on the nearest point of cash generation: mining and processing graphite ore. To continue to invest (even if a pithy amount) in a battery plant seems reckless.
There is a reason we do not see BHP or Rio buying up steel mills.
Magnis has certainly one of the best graphite assets in the World. If only management would focus all its energy (and cash!) on leading it to production.
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