Morning all,
I did email yesterday with my concerns of this share price plummeting.
Received a reply last night, I have no idea why the price has been sold down do aggressively as Magnis is now more advanced than ever before, we have an operating gigafactory producing cells for OEM application.
( That was an interesting comment to me)
The Tesla offtake will hugely help with acquiring funding for the Nachu project. They have short listed properties for the AAM pilot plant set up and will be working with Worly to chose the most appropriate.
We are well funded and now have 2 seperate companies complete the certification process on the cells. As discussed there was only one cell out of 10 that had an absolutely minimal irregularity. We strongly believe certification will be granted this month.
This is not from the email, But I have a financial friend who said if you take you car for a road worthy and it fails you don’t throw the car away, You fix the issue and re test until it passes. Simple but time consuming.
looking forward to the good news flow
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