MNS magnis energy technologies ltd

Ann: Clarification of Announcement, page-26

  1. 1,223 Posts.
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    yeah its definitely the history of the company which is playing a part in holding the company back and management do need to pull their finger out and change the sentiment. That last announcement does not help in anyway with that. In saying that there are other factors controlling SP - no revenue, large debt, not in production yet, accumulation, shorters, Lind selling 54M shares. I believe the SP and MC is pretty much where it should be until we see production or a US listing and i think its holding up extremely well with so many shares offloaded. You have to remember only 12 months ago it was at 14c - great growth in 12 months for no revenue. It is a speculative stock and unfortunately with this type of stock its just a game of patience until those key big announcements happen which will rerate the SP. Until then we cant expect to be millionaires overnight and the SP will do what it does on a daily basis. Everyone would agree its production why we are all holding
 
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