@chester1965
Ok yup made a mistake on that ONE point you conveniently chose to pick on.
Here is what Im3ny said this month
There are actually 5 gigafactories in the US and Im3 is not one of them. 12 all up in the pipeline, rapidly getting built.
Handy for Im3 to say the only option is China with 100. Why not mention the 20 that are in Europe? Doesn't fit the agenda I guess.
How many on this map do you see? Does Im3 look to be one of the largest as you say?
Not to mention they are yet to deliver a decent battery. Limited information given out, about as transparent as a rock.
Where is the raw supply deals?
They need 80 million dollars worth of raw materials for full production, so where is that coming from?
Who's paying for it, Magnis shareholders? And where are the "strategic deals" they speak of.
what deadlines has the company actually kept??
SVOLT have a cobalt free battery,
so do other companies
Tesla and VW are both fazing out cobalt and using more manganese.
What happened to exploring of debt facilities and a JV partner for Tanzania they planned on doing?
So feel free to keep believing but trust me. I don't care where any of you put your money. I don't play silly games. Keep buying up for all I care. I exited for a reason, well many reasons, and could still buy in cheaper then what I sold today. Also no intention to buy back in. I'm heavily invested in the spec area so I don't know why people use it as an excuse for me not buying shares.
(20min delay)