MNS magnis energy technologies ltd

Ann: Magnis Raises A$4m in Placement, page-104

  1. 7,432 Posts.
    Apparently it is standard practice for the unlisted,100 year old, Trading Houses in Carbon and Graphite to never identify themselves in Offtakes. As Buyers or Suppliers, that's Asbury/Superior/SGL and possibly Imerys. Don't seek publicity or info release presumably.
    That's why those IM and Benchmark Reports despite being expensive [$5grand a year subscription] are so "murky" on definitive info and facts. The Trading Houses feed "misleading" data to them.

    Also Tkrupp declared that never again would it "name" itself as an Offtaker after it's experience with being named for KNL. Apparently Tkrupp got harassed by every existing and gunner be Mine Project. No doubt it's existing Supplier [China?] kicked up a bit of a stink, too. What's this Import Replacement 2017?

    Anyhow that's the thing about Binding Offtakes being made for 2017 production. If the buyer is named and identified, their current Supplier can get "nasty". No problem with a SOE naming itself, a SOE is currently it's own supplier, all part of the Dragon System but a RoW end user or Distributor/Trader?
    Different circumstance of commercial confidentiality required.

    Thus the Significance of the Tesla Graphite Contracts imminent 'settling" having such importance to the whole RoW Graphite Sector. Not just who gets it but volume/flake size/ "mix" with synthetic and Price/tonne.

    Anyhow "Un Named Euro Trader" is not dodgy", it's normal graphite business terminology
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.