MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Exceptional Flake Graphite Metallurgical Results Continue, page-11

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  1. 3,217 Posts.
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    Ive given your comment a like Hicbart. MNS had a good week. The cashflow issue might not be as dire as it looks, as the company has over 3 mil at call. This money could allow leverage to either borrow more funds for a mine (unlikely scenario) or raise more funds from a share raise (possible) or alternatively bestow shares to suppliers ( possible with the chinese, although they will want more shares than is fair..usually).

    I dont think a meger will ensue, however, a 4th option for MNS is to CR in conjunction with the Tanzanian govt, giving them a % of the CR, and thus "greenlighting" themselves so to speak and avoiding some of the perplexities of doing business in these countries.
 
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