MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Magnis undertakes A$34 million placement, page-56

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  1. 4,089 Posts.
    lightbulb Created with Sketch. 7166
    All hype and not much substance this morning, i sold out at 37c and won't be back unless iM3NY have anything material to announce.

    I just read on twitter and did some research regarding battery plants in USA and note that LG Chem are building a 30 GWh plant in Ohio (Operational this year) in partnership with GM, whilst SK Innovation have two plants totalling 21 GWh close to VW.

    The whole idea that Magnis were going to be #2 in USA & Top 10 globally appears a lie. Won't even be Top 5 in USA in 12 months time and won't even be in top 30 globally in 18 months time !
 
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