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4.2¢ magnis energy technologies ltd

Ann: Director Appointment/Resignation, page-52

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enoonmai

1,645 Posts.

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15/12/15

14:22

Post #: 16618060
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Originally posted by Riskon22 ↑

Great to hear of your confidence following dinner with investors and meaningful management last night Matt.

Surprising there was not a non-compete type clause in Stephen's contract.

I think Hunt's Asian connections no longer hold value as MNS has secured some of the biggest Chinese off-takes available and now moved on to western end users which, doesn't appear to be his area of expertise.

My only concern is that much of MNS's competitive advantage is coming from Frank Houllas' processing innovations. I imagine Stephen would have used understanding of these as negotiation pieces with MOZ.

Regarding MOZ, I think the hype is excessive.... The company already has close to a billion shares on offer and is planning to begin a scoping study early next year.... They are 2-3 years away from production, if they ever get their, and if they do make it, their share register will be more bloated than 1973's ankles on a 45 degree day.

Hunt is the one director MNS could afford to lose. Good luck to him and MOZ, they will need it.

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What do you mean by "non-compete"? I thought he was a non-exec director? Are you saying he was management?

MNS Price at posting: 39.5¢ Sentiment: Hold Disclosure: Held
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