MNS 0.00% 4.2¢ magnis energy technologies ltd

WRT to the purchase of the Alevo kit in the fire sale. It's not...

  1. 1,818 Posts.
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    WRT to the purchase of the Alevo kit in the fire sale.
    It's not about $100 or $50 million of kit for $5 million.
    It's not about what a great deal.
    It's more about why did it go for such a price?
    By the way, if it sold for $5 million, then by definition it is worth $5 million, not 50 or 200 or whatever.
    But why did it go at such a price?
    Obsolete?
    Heavily customised so useless to others?
    Saturated market?
    Very very high risk business sector?
    I bet there are some clever buyers out there who had a close look. Maybe to add to their existing Gigafactory?
    Or as a cottage industry to produce the less attractive prismatic designs?
    Already the purchase seems to have impacted on IM3 plans. No more talk of cylindrical format (maybe in future).
 
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