MNS 0.00% 4.2¢ magnis energy technologies ltd

If you think a $350M market cap listed company trying to build a...

  1. 1,202 Posts.
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    If you think a $350M market cap listed company trying to build a complex high tech manufacturing plant is concerned about "paperwork" then I don't know what to tell you. They are spending about $1.2M per year on legal and consulting - this is literally what lawyers are paid to do.

    Also they have been in discussions with financiers for months and months so speed is clearly not the factor here.

    I'm not trying to dump on the company or your investment - I'm genuinely interested that's why I am bothering to comment. But don't try to convince yourself that this is good - the market clearly doesn't think it's good. It's ok for some parts of a company's journey to be neutral or bad or worse than hoped for etc etc.

    Don't be a cheerleader - be an investor.
 
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