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4.2¢ magnis energy technologies ltd

Ann: Trading Halt, page-80

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TimeLine4Me

257 Posts.

74

28/07/21

17:19

Post #: 54845383
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Originally posted by Slogger: ↑

yeah @Amorga picked up on this cash deficiency earlier so obviously keeping his eye on the ball. Am concerned that its for working capital rather than anything company building.
Can't see it being Nachu as Tanz still not investment ready from what i can see.
Can't see it being Townsville - Qld Govt so cash strapped its getting beyond a joke.
NY should have been funded to first production so can't see it being that one either.
so all i can see is working capital - which will be disappointing as personally i feel this is just stringing out from where it should have been based on previous 18 months of ANN's. Further dilution and who knows may be substantially more dilution going forward if they proceed with Nachu and Townsville - personally am concerned where this is going and so hope the ANN is a decent one that proves me wrong on all accounts. all imo

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More than likely for management and running costs.
There's only 5 months of funds in the bank to cover the bills.

Last edited by TimeLine4Me: 28/07/21

MNS Price at posting: 27.0¢ Sentiment: None Disclosure: Held
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