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4.2¢ magnis energy technologies ltd

Ann: Quarterly Activities Report, page-20

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claire69

224 Posts.

30

01/02/19

19:26

Post #: 37304711
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Originally posted by SteveSage: ↑

I can't understand why people are sold on the idea that a miner can build a gigafactory.

IMO, you have to suspend a lot of critical thinking to believe that a miner with a claim in Tanzania and a lose arrangement with a battery guy working for a university can turn a multi-billion dollar manufacturing industry on it's head.....look at the competition and the resources they have vs C4V which seems to be a one man operation.

C'mon folks, been saying this for a while.....batteries are not happening for MNS.....they are burning cash at 1.6-1.8m a quarter and 6m left in the bank so another 3-4 mths and then all mgmt have time to do is focus on raising funds again. Marc needs to get rid of all the professors taking directors fees and minimise the cash burn until something breaks in Tanzania (or go himself with a consortium to make the case to the mining commission).

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300k+ p.a. for CEO, 300k+p.a. for MD, 700k+ p.a. for "IT services"..., millions for C4V... and more and more and more. And no cash flow from running business. One day the bubble will burst..

MNS Price at posting: 35.0¢ Sentiment: None Disclosure: Held
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