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4.2¢ magnis energy technologies ltd

not an accountant but probably can’t comment on another entity...

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arundpr

966 Posts.

164

28/07/23

10:38

Post #: 69033036
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Originally posted by jdpc35: ↑

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:

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not an accountant but probably can’t comment on another entity on the appendix 5B.
could maybe have commented on the activities presentation part but ASX would have asked to remove as they have in the past

MNS Price at posting: 10.3¢ Sentiment: Buy Disclosure: Held
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