MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Trading Halt, page-11

  1. 19,151 Posts.
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    This is beginning to smell like the old TON announcing pie in the sky deals. Yep all of these deals have great potential if they come off in the future, but hell you guys haven't even secured the money to start building your mine yet and in all reality have currently NIL deals to warrent a lender taking the risk.

    Both the Townsville deal and this potential deal require MEGA bucks to get them off the ground (assuming they make it that far) and in all reality are at least 3 to 5 years away from even considering taking product from a company like MNS and thats ignoring the potential financial contribution that MNS needs to make as their part in the project.

    Will be interesting to see the details but in all likelihood the deal is likely to involve many of the same players involved with the Townsville deal and it is likely to be just determining the viability of the project at this stage.
 
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