MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Trading Halt, page-53

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  1. 899 Posts.
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    Once the dry room is completed, its my understanding that positioning the machinery doesn't take too long as the plans have been prepared for months.

    So we'll be then testing each machine in the process.

    Some parts will be automated immediately if testing goes well , some not hence semi automated production.

    Once in full automated production we could be talking about a plant running potentially 24 hours a day, 7 days a week.

    Exciting times indeed....... NY previously advised they are working diligently to get this done.

    I've every confidence in them (as previously stated they are on time and under budget as at the AGM in November 2021 ).

    The next update will be very interesting and eagerly awaiting by myself and others.

    Hopefully we can see that update also on Monday.

    Even a slight delay (if it occurs at all) will ultimately mean nothing once the plant is underway.

    K
 
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