MNS 0.00% 4.2¢ magnis energy technologies ltd

Hi 1973, Not sure if you missed my post but you semi answered in...

  1. 965 Posts.
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    Hi 1973,

    Not sure if you missed my post but you semi answered in you reply to patience.

    Reason for my question and frustration is that I see this share doing one of two things:

    - dribbling down over time while current holders sell shares to create money for option conversion

    - offtake announcements asap and share price over $2 which is both good for the option converters and those that weren't in that long ago to have options.

    Right now the first scenario is happening a lot and whilst the cash in bank is good I don't like seeing the SP drop below what I believe it is worth (with the Rosatom MOU and offtakes upcoming I believe we should be closer to the $1 mark).
 
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