MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Annual Report to shareholders, page-52

  1. 951 Posts.
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    10mc - Because the loss was fully expected.

    The vast component of the loss is the equity accounted loss at iM3NY with a big chunk of the balance being related to Nachu project costs. Nothing out of the ordinary here in having a plant under construction and also a mining project they are trying to get funded and then developed whilst still spending money on early works on that mining project.

    https://hotcopper.com.au/data/attachments/4758/4758803-a0eaa802dd15d6e70d06dc2ea1192a05.jpg

 
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