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4.2¢ magnis energy technologies ltd

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stringfellow

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02/05/21

09:07

Post #: 52874183
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Originally posted by Riskon22: ↑

Am just wondering if the ‘operational update’ TH we’re in could be in relation to Nachu.

The quarterly highlighted that a building permit has been received for the 59 dwelling resettlement village and land clearing had began. Other permits had also been applied for and received, plus bores were being completed.

A month on from the quarterly reporting period, building of the resettlement village may have commenced and more substantial preliminary construction work begun on Nachu etc. Either way, great to hear of the progression with Magnis’ long standing ‘shovel ready’ mine.

In order for works to be commencing at Nachu, would have to indicate that there is confidence in the project being funded ie. it must be seen as a real near to medium term possibility imo. Would love to know what’re things are at being the scenes here.

Whatever the news tomorrow, whether it’s Nachu, NY or Townsville related, seems like it should be reason for celebration GLTA

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nachu is my number 2 guess. very likely as you have said. India and omega seiki is number 1, although the quarterly typo is pointing to ny govt info having been edited out. exciting times.

MNS Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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