Australia's largest stock trading and investment forum Australia's #1 stock forum

MNS

0.00%

4.2¢ magnis energy technologies ltd

Rat you pretty much mentioned the potential this company has and...

First 174 Last

Share
Profile

Follow
Briyu

1,165 Posts.

133

10/02/18

15:00

Post #: 30967114
Share

Originally posted by Rat1973 ↑

Think you need to relate posts to facts Tony. Back in 2015 MNS had what was referred to as binding off takes with Sinoma and Sinosteel for 200k tonnes. Remember your comments about how strong these offtake partners were with their what 350,000 strong work force. Even when these off takes were in place as my post states “most analysts” put an implied value on a fully diluted basis at 40c. These were independent valuations from the investment bankers, the likes of Macquarie, Creit Suisse, Bell Potter.

When this got gas 12-18 months ago on the way up to $1 most investors that were on their game sold out, me included.

Over the intervening period they’ve tried to do deals with the Chinese, the Koreans, the Russians, and those soon to be announced Western offtakes that never seemed to get legs.....and then the almighty gethump....the Tanzanian law changes meaning that no one would everfinance the nachu mine given the huge sovereign risk

And remember even when the mine had legs with binding contacts the independent experts / analysts were valuing this at 40c.

Imo the fact that the mine is a forgone conclusion, management did a good job at trying to save the company, and their jobs. If this strategy gets legs I have no doubt it could fly again BUT it at the moment is nothing more than pipe dreams....there are a lot of good ideas out there but less than 1% actually get legs in the long run.

Various posters have been saying this is a great buy, all the time watching it fall from $1+ all the way down to 40c, with their profits vanishing. If you cannot see the trend and salvage what you can please don’t blame anyone and start personal attacks. And yes in my opinion this is so over smoked it’s not funny....what do you value a pipe dream, don’t know.....but the market is speaking and says it pretty much stinks. If it doesn’t hold the gap at 36c watch out imo

Expand

Rat you pretty much mentioned the potential this company has and that they are taking a positive approach to making it big - but still calling it all as pipedreams?..

The fact is with all the work this company has done to date, all it takes now is for a favourable outcome from the Tanzanian Mining ministers with regards to the Nachu project or any sniff of funding from either government or external investors for any of our battery plants. Do you agree this is the case or not?
Would you change your opinion and jump on board again if any of these happened?

Last edited by Briyu: 10/02/18

MNS Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

NIM

Nimy extends sulphide targets at Mons with new anomalies identified