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4.2¢ magnis energy technologies ltd

Ann: 2019 AGM Presentation, page-11

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pauloc

33 Posts.

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31/10/19

11:37

Post #: 41168092
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Originally posted by mcbombers: ↑

Very underwhelmed by the AGM presentation.

No clear timelines and it all hinges on finance of which they have given no clear update around which can only mean one thing!

I think we are just about on life support - 13c a time of posting. The fact they have had to partner up with a mysterious private from the Middle East speaks volumes. From past histories of other groups i have tracked once you start to head into this territory its slippery slope down.

My take is management have tired to shoot the lights out and spread themselves to thin and failed to deliver on any part. I note there has been no further management buying on late which indicates post the NY finance failing that they too may have some doubts.

Would love to hear some feedback from the AGM by any punters who have attended?

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Has anybody noticed the trading pattern today - most trades are CXXT trades, all trades are in groups of 4, and all groups almost identical volumes (3,15,168,1700) and all at 12.7cents. Is this stock being manipulated?

MNS trades 31.10.pdf

MNS Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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