MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: US$52M Term Sheet Signed for New York Battery Plant, page-465

  1. 2,988 Posts.
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    A correction to my earlier post.

    Given what Syrah have announced today, it's highly unlikely that there would be investors interested in a graphite mine anytime soon (even if you discount the fact that mgmt have provided no clarity around if MNS can even mine the site under local laws).

    The question then is why hold MNS if the mine is unlikely to be financially viable even with financing.

    Interesting that there was no material move in the price today, but curious how mgmt move forward with the major asset (imo) mothballed.

 
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