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4.2¢ magnis energy technologies ltd

Don’t forget it’s a pilot plant, not a large scale commercial...

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GT55

4,268 Posts.

1407

15/02/24

12:15

Post #: 72421289
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Originally posted by Chris741: ↑

This is a positive advancement - not sure why the negative comments.

This is a move by the company to get rid of C4V tech and the poison chalice that their board is whilst hopefully having some interest and board representation themselves in a new venture.

IM3NY was and is still a battery HUB of US national importance that is largely ready to go. If they can get another tech in, re tool the machines and produce batteries (albeit of traditional chemistry which is ready to go) this enables MNS to hold onto some hope of revenue.

wait for the term sheet(s) obviously but a lot better then folding up completely and losing all the SH cash.. surely !!

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Don’t forget it’s a pilot plant, not a large scale commercial plant so it’s at a disadvantage to the $9-10 billion dollar plants or more being built that have already received 50% DOE loan funding, this was a proof of concept plant that would bring in the DOE and investors to build a large scale plant. It’s C4V tech or bust!

MNS Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
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