hold tight, forget about the short term action, Magnis has a lot happening, the nachu project and the AAM doesn’t seem to be priced in the MC, i believe its because it has been a long time since Magnis has had the Nachu project in slow motion. but it should be getting some traction soon as the world desperately needs graphite.
The Tesla offtake should make the financing side of things a bit easier as it’s an important milestone to get finance for the project.
at this stage the valuation is all in the battery plant, which still needs to be certified. the Certification is a matter of time, could be next week or in 3 or 6 months, but when they are certified and start getting revenue the SP will get a serious re-rate in my opinion, Investors will gain confidence and join MNS for the battery sales, potential growth of the plant, and for high expectations of the graphite mine and AAM.
all in my opinion
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