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4.2¢ magnis energy technologies ltd

I like the honest reflection. I will point out though that the...

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anf0

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29/08/18

13:11

Post #: 35264483
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Originally posted by tony2times ↑

Riskon as much as I would like to see 44 cents as a raising price I would be happy with anything above 35 cents. Was only just over a week ago we touched 31 cents and if FP was not confident that a investor was coming on board we could have kept dropping. That for me is the reality. The question is how much and at what price? Was it the upcoming funding announcement that turned the sp? As we know raising money has never been an issue since the g was discovered. Even at the last raise whilst markets were collapsing Magnis still raised all they said they would and at a premium considering we probably would have fallen as well if not for the TH.

Anyway if FP is correct I guess we have no more than a week to find out.

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I like the honest reflection. I will point out though that the last raise wasn't at a premium. It was announced 12,500,000 shares at $0.40, and on the day of said announcement the stock was at $0.43. The stock ended up falling below $0.40 after the raise was announced probably due to the tough market conditions.

You're right though I think 44 is unrealistic.

MNS Price at posting: 37.5¢ Sentiment: Sell Disclosure: Not Held
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