I was going to transfer some money to USA for more Tesla shares.... but you guys (and some other research I did) convinced me to invest in Magnis instead..... If they get to $10.38 a share in 10 years, I'm up $110,000 (yay!). Maybe even afford a couple of Cybertrucks
What I like about Magnis:
- vertically integrated (Graphite mine in Tanzania). Where are they going to get their lithium and any other battery metal from though?
- have the guy who invented lithium-ion batteries on the board
- the guy who spent 10 years at Tesla designing their factories (?)
- part-own patents for funky batteries which charge quicker, are cheaper to produce (and hopefully last longer)
- are actually building a factory right now... if that goes well (and it's in a great location... USA) then the other factories will go ahead
- Tesla say they'll buy any batteries they can.... hopefully Magnis' is amongst them. If not... plenty of other potential customers.
- want to be as green as possible (which is why I invested in LKE and VUL)
One concern.... why battery pack pouches? I thought they were more dangerous and difficult than cylindrical cells (e.g. Tesla's). https://insideevs.com/news/532693/tesla-pouch-battery-cells-risk/
... unless they are following BYD's blade example?
So... do you think I should have bought 4 more shares in Tesla for my $4100 AUD... and hopefully they'd be at $20k in 10 years time? That would only be $80k ... I think Magnis is a much better proposition... If it goes to $20 in 10 years that would be $220,000 worth for me $100 would be... $1,100,000.00 (!!).
But seriously, you guru's of shares.... if all goes reasonably well for Magnis, what do you think the share price would realistically be in 10 years time?
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