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4.2¢ magnis energy technologies ltd

Ann: Half Yearly Report and Accounts, page-11

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robbo24

11,005 Posts.

1782

08/03/19

21:45

Post #: 37704861
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...the Group will require additional funds.

Love the going concern warning^

Originally posted by mondrian: ↑

Hmmm. Stake in c4v valued at 10 mill? Well if you paid that for it I suppose that's what it is worth, though without any evidence that c4v has anything of value it seems hard to justify.
It might be time to send out letters to all those who signed up for the tour of the "factory" in NY scheduled end of June to tell them "factory" is actually room xxx on the Binghampton campus.
Not much on Nachu, but that is to be expected. In my opinion Tanzania would like to see all these spec stocks exit the country so they can manage direct sales themselves. The strategy feels like a "wait long enough and they will leave" IMO.
The kit still waits in the NY warehouse. The 6 member board and the 6 FTE's get paid.
Nothing on Townsville. They have had months now to do something but no, no.
The good news is there is very little spin. IMO

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If you take MNS' net assets of $26m then deduct cash of $6m then deduct the $10m of C4V (lol) then that leaves $10m... of what exactly? lol

Last edited by robbo24: 08/03/19

MNS Price at posting: 28.0¢ Sentiment: Sell Disclosure: Not Held
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1 Great analysis

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