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4.2¢ magnis energy technologies ltd

Ann: Quarterly Activities Report, page-4

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Chopnom

174 Posts.

44

31/01/19

12:44

Post #: 37280162
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Originally posted by Slogger: ↑

nope am not a happy chappy!!!! NY plant still in storage!!! appears they are waiting on a facility to resurrect it in!!! production now being delayed from June 2019 half year to "later in the year".
can't see why this wasn't sorted prior to the ANN when they stated that production up and running by June 2019! why they haven't progressed with the factory and what they are waiting for I have no idea - they appear to have a building in mind but they haven't yet moved into it - why???
and I had understood that the retooling of the plant was underway late last year but from the sounds of it it hasn't even started!!! well it had better fire up first go otherwise production going to be delayed even further - but they need to get the factory space first! still in storage )

rest of it has been mentioned but in reality I hope they are further advanced with the indian situation because am starting to get a little antsy just about now - no wonder no news flow on NYC - and yet I thought they would have clarified situation earlier given that they had ANN'ed that all was progressing to get the plant re-established a lot sooner.

just a waiting game now - can see why SP dropped on this - still a long way to go.

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Yep, agree Slogger. My thoughts exactly.

MNS Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
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