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4.2¢ magnis energy technologies ltd

Ann: Nachu Graphite Binding EPC Contract Executed, page-143

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wazbee

3,906 Posts.

109

17/12/19

18:22

Post #: 42016081
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Originally posted by SteveSage ↑

Money is cheap....except for a highly speculative company that has announced a lot, but executed little....you only need to look at the list of price sensitive announcements over the last 2 years and wonder where they all are:
- IM3TW funding with NAB engaged
- IM3NY 52m funding
- BHEL/LIBCOIN India gigafactory
- IM3NY battery plant announcements (at this stage they were meant to be in full operation)
- agreement with Celgard, Agreement with Siemans, agreement with 40+ OEMs
- Graphite sales to Turkish company
- multiple agreements to develop gigafactory in germany

IMO they have a decent asset in Nachu, but lack of execution while burning significant amounts of cash has been a big problem (see share price). The Negma deal also called into question their negotiating skills or perhaps they just don't have any other options....neither of these look good as a shareholder.

Look good luck on your investment (and as a fellow shareholder, I hope they do get funding and advance the project), but make sure you understand the risk of the investment.

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“but make sure you understand the risk of the investment.”

How can you say that yet carry on the way you have for the last two years? It’s clear you do not understand the risk.

MNS Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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