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4.2¢ magnis energy technologies ltd

But.. why didnt they start getting some actual sales. ? What...

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findingnemo

505 Posts.

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03/10/23

21:39

Post #: 70156843
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Originally posted by inv2013: ↑

Firstly I am not impressed with what has been happening but the books may not be as bad as they look. They have almost doubled workers at IM3NY, which is positive. Also the loss of $72M is mainly made up of the cost to finish the plant and get the certification. All we need now is SALES, SALES an more SALES. We have a plant that needs to work. We are not seeing any sales for the period to 30/6/23, I am disappointed about that as I expected some production/sales straight after certification. But there will be no excuses for the next quarter and we should see some stock on hand valuation.
We are the major shareholder in IM3NY at 73%. Would like to see the 73% value of our stock!!

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But.. why didnt they start getting some actual sales. ? What have I missed? Certification was sorted (finally) and then... crickets chirping. Why?? And did they not get the big govt grant they wanted?

MNS Price at posting: 7.4¢ Sentiment: None Disclosure: Held
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