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4.2¢ magnis energy technologies ltd

Ann: Half Yearly Report and Accounts, page-98

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Names little

17,843 Posts.

1250

04/04/16

14:00

Post #: 17416496
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Originally posted by ddzx ↑

for your information:

1. the MNS 1/2 year reports said: "The Group has exploration and evaluation expenditure forecast over the next 6 months totalling $3,397,898. In order to fully implement its exploration strategy the Group will require additional funds".

2. MNS had $1,580,000 at 31/12/15

3. since 31/12/15, MNS have raised $3,000,000 via shares & $437,209 via option conversion

4. total cash equals $5,017,209, sufficient for until 30/9/16

therefore, you were wrong in inferring MNS is not a going concern

i would like you to kindly stop posting non-sense here because it fills the MNS subforum with useless clutter

thanks

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Hi DDzx, do we need to add about $900k in Admin costs per quarter, don't think they will be included under E&E will they?

Do we still have enough to get to 30/9 if that's the case.

Thanks

MNS Price at posting: 37.0¢ Sentiment: None Disclosure: Held
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