MNS 0.00% 4.2¢ magnis energy technologies ltd

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  1. 1,463 Posts.
    They have one problem and that is cash - anyone who doesnt have UNX blinkers on knows it.

    Two more rigs headed to Mkuju, thats now 3 times the previous spend rate.... which had us empty early Q3.

    They need to sell a resource or conduct a capital raising, I would like to think the latter is the lesser of the options, but probably more aligned to their capabilities.
 
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