Australia's largest stock trading and investment forum Australia's #1 stock forum

MNS

Click for more information

0.00%

4.2¢ magnis energy technologies ltd

Hi DDzx, do we need to add about $900k in Admin costs per...

First 98 Last

Share
Profile

Follow
Names little

17,937 Posts.

1280

04/04/16

14:00

Post #: 17416496
Share

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

Expand

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
Upvote

0 Great analysis

Reply

Top Stories

Wealth Within: the latest stock tips from Dale Gillham

A1G

African Gold finds significant 5.5g/t intercept over 65m in Cote d’Ivoire

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASM

ASM to push Dubbo REE play towards economical production with A$5M Federal govt grant

There are more pages in this discussion • 2 more messages in this thread...

First 98 Last

Add MNS (ASX) to my watchlist

SPONSORED BY