Yeah I was too fixated with my MNS / Omega Seiki research on the weekend I forgot about Iron Ore and the Evergrande crisis thats boiling at the moment.
Honestly MNS will be one of the least affected by all this. A significant value proposition of IM3 is that it's a US-centric supply chain (anti-China play), and there will be immense pressure from Biden for Australia to show up with more climate action, and since PM Morrison says we will reduce emissions through renewable technology, it would be near impossible to NOT show support for our Townsville battery plant in the coming 9 months, especially as election cycle is coming.
Don't forget India is also part of the QUAD (US, India, Japan, Australia) which means there may be a scenario where IM3 can fulfill EV battery orders for future Indian EV clients via the Townsville plant, which may make it cheaper and more profitable for both parties.
It's the best ASX investment I can see right now and I have looked at a lot of companies and sectors already.
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