MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Annual Report to shareholders, page-8

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  1. 1,001 Posts.
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    It is no coincidence that we have seen this spike in buying interest after publication of the annual report. Many professional investors and institutions wait until these are published so that a thorough review of both the audited financials, notes to the accounts and the director statements can be assessed before an investment decision is undertaken.

    Given the level of activity this past year with MNS, the FY20 annual report would have been way too historical and inaccurate for a full assessment - hence the publication of the FY21 Annual report becomes significant for many. I must also say that the report produced is a very good quality document that is informative at many levels. It also has the look and feel of a "quality company" rather than a cheap speculative stock and that would also be noticed by many.

    With the report now out there, i would expect to see more and more institutional interest develop from here as MNS ticks key project milestones and de-risks both iM3NY and progresses Nachu.
 
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