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4.2¢ magnis energy technologies ltd

Ann: Quarterly Cashflow Report-MNS.AX, page-17

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2,197 Posts.

53

28/07/16

14:44

Post #: 18389431
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Originally posted by JDragon ↑

Damit!!! spending only 1.1mil on these exploration/administration/production/developing

And you downramping asking question and explanation.

How about 30mil spending on this by syr last quarter... price still jump from sub 3 to 6 high.
How about management just work for free, does that sound like charity club to you.

Get real and get out of here!

To be exact we have 7.5Mil on hand with 3 lots of options converted after June.
Spending all up to 2.1mil which is 1.2mil saving from previous with all archievement from testing and permits. All I know is further step towards production. Western Offtake is also now ENCOURAGING progressed.

Now we have
1 quarter to go for western offtake
3 quarter to go for finance closed
7.5 mil let say average spending next 3 quarter is 2.5mil

I think that will covered for 3 quarter, by then finance will be done and cash will be ready... could be sooner than that.

Well done management.... saving quarter.

Expand

Down Ramping...are you serious?

I've been in this since the old UNX days and have a significant amount of money invested in this...No need to get your undies or panties in a bunch.

I'll put your outburst down to a brain f@#t

MNS Price at posting: 83.0¢ Sentiment: Hold Disclosure: Held
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