MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Expiry of Unlisted Options, page-31

  1. 2,978 Posts.
    lightbulb Created with Sketch. 1130
    Was initially a bit concerned about cash shortfall if the options were not exercised, but looking at the last cashflow report, they have ~$5m in cash in the bank.

    At ~$1.5m burn (I suspect this is excluding anything in Tanzania if that kicks off again), but they should have sufficient funds for 2-3 quarters before they need to think about raising money.

    Something positive from me on MNS for a change.....cmon Frank you have 5 months!!
 
watchlist Created with Sketch. Add MNS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.