MNS 0.00% 4.2¢ magnis energy technologies ltd

Has anyone told you that Magnis don’t mine Graphite?They have...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,308 Posts.
    lightbulb Created with Sketch. 231
    Has anyone told you that Magnis don’t mine Graphite?

    They have had a tenement in Tanzania for some 15 years now and have managed to build a toilet block and a Maternity Hospital Que?

    need circa $300 mill to mine anything and I haven’t factored in rail/road transport costs..

    any idea how long the line of investors will be to entrust this board with another $300mill?

    the only ‘mining’ is the mining of shareholders funds.

    after all, they’ve already burnt thru circa $350mill in cash to get us to this amazing point in our corporate history!

    I do wonder who the major beneficiaries of all that money has been?
 
watchlist Created with Sketch. Add MNS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.