MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Quarterly Activities - Appendix 5B First Quater, page-29

  1. 976 Posts.
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    I have had the two trolls on ignore for quite some time now, but I must say I find it incredulous that a couple of hacks in Australia try to convince all and sundry that supposedly they have this superior intel on iM3NY (located the other side of the world). If their intel was accurate to their statements, you would be seeing senior management resignations, probably the odd director or two stepping down, etc, etc.

    That we have not seen any of these signs tells you all you need to know. Nothing to see here other than the normal range of issues in commissioning a complex project, with the "punch list" of to do items gradually being overcome. I have been involved at a senior project level in a number of complex new build projects in my career and I have never known one to be operational from the get go - I fully expect iM3NY will take a good six months from practical completion (which only happened with the contractor a couple of months ago) to get their facility fully bedded down, staff fully trained and producing product to consistent quality standards and consistent (near nameplate) volumes.

    For anyone who wants to know how complex and stressful these plants are to build, commission and meet user requirements, I suggest you get yourself a copy of the book "Power Play: Elon Musk Tesla and the Bet of the Century" and have a good read.

    GLTA & DYOR
 
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