MNS magnis energy technologies ltd

Ann: 4th Quarter Activities and Appendix 5B, page-6

  1. 1,076 Posts.
    lightbulb Created with Sketch. 1349
    In my opinion, they flunked this Quarterly. There was opportunity to provide some additional supporting info to allay some of the concerns expressed by various posters, but this was a very boring rehash of current data.

    Of real interest would have been the quantity / value of finished goods (completed batteries) on hand at iM3NY - that is not commercial in confidence, as they are going to have to show those numbers in the next month anyway when they release for FY23 financials.

    We now know that they needed the $10m CR to top up cash reserves and also satisfactorily answer 8.8 in the Quarterly:
    https://hotcopper.com.au/data/attachments/5462/5462716-cbd52d65c2a0432af9014638d97ea372.jpg

 
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.