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4.2¢ magnis energy technologies ltd

Ann: Reinstatement to Official Quotation, page-118

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Peliatan

1,470 Posts.

54

28/04/17

13:13

Post #: 24330381
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Originally posted by anf0 ↑

I've mentioned this before, but it's sad that management in most resource companies very rarely get CR timing right. Ideally, it would have been good for MNS to do it at the end of last year at a VERY favorable price. Instead they decided to go with the ''drip-feed'' option, relying on options expiration to provide funding through 2017.

The $8 million raised from this process may be enough to keep the doors open for the year but they can't do much else in terms of progress. Now they're stuck relying on some sort of financing or up front payment from a BOA (which IMO will never happen). Unless of course they go in to do a CR now but then you're basically raising money in the 40's. That'll only get worse though as time goes on I think.

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You may close to the mark there anfo...40c may be easier than 60+c to get punters in...with no boa's and only long-term dreams of factories in Qld and Russia investors will take some convincing in this topsy turvy market imo.... a 40c CR maybe be 'a good thing' for all intents and purposes.

MNS Price at posting: 67.5¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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