MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Full Year Statutory Accounts, page-5

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  1. 1,837 Posts.
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    Accounts look like shit imo but thats no surprise. They had to spend another $34 mill on plant in 2023 even though the "factory" started prod in 2022. The $150m loan is still the elephant in the room. Still trying to spin the idea that omygod sucky are going to actually buy... as in pay hard cash for something... that smells like Magnis BS to me. And now apparently they were NOT stockpiling cells.. so that was all BS.
    Still no ann from im3alltalk that the pee-series cell is certified so a big fat grain of salt on how they have twisted that.
    No surprises. The board and Strong Solutions got their money so all the boxes ticked.
    I guess they keep limping along till there is no more money to pay the BOD and "employees". All imo
    Watch out punters
    DYOR
 
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