MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Company Update - Offtake Signed with Omega Seiki, page-30

  1. 3,698 Posts.
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    This company is a very leaky ship...when an update like this results in a decline in SP it indicates that the insiders were given some rumour/info that did not live up to the expectation...so many are jumping ship... until the plugs are filled and the main milestones come to fruition i.e. completion of factory production set up, full automation, US listing and names plus more commercial binding contracts the SP/company valuation will not appreciate to much...IMO
 
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