MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Trading Halt, page-177

  1. 1,667 Posts.
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    Maybe your example on TON is on the mark Tony. Where will the knife stop falling in MNS? Unless finance kicks in on either the Nachu mine or battery sites I suspect this will continue to fall....where will it fall to, who knows, but like TON long termers mark-to-market loses can be substantial - the same position as s lot of MNS long termers.

    Will MNS go into admin? Who knows? Using your TON as an example, a few loaded up in the restructure raising at 5c, and sold some 6 months later for 10c+. Gee an annualised return of over 400% isn’t bad for those that saw the opportunity.

    Perhaps people are doing this in MNS as well - the constant falling knife shows little support - perhaps people are seeing a downstream exit point ???
 
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