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0.00% 4.2¢ magnis energy technologies ltd

Ann: NY Battery Production Fast Tracked with Acquisition, page-18

  1. groins
    2,424 Posts.
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    09/02/18
    09:12
    Post #: 30935350
    I think this was a good move given that we're in the battery making business (now). However what I see us getting is one third of the budgeted equipment for the 3GWh phase one plant for US$5m . So more like we got 130/3= US$43M assets for US$5M (not quite the $200M), a great result on the surface
    MNS Price at posting: 44.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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