MNS (ASX) Boston Energy and Innovation

Originally posted by sroyle ↑

Hey Amorga,

Skeptism around startups warranted imo.
In Shanghai atm and struck by 99% electric scooters on streets by government diktat.
Not so easy in the West with market economics a key component.
See weekend journos in Oz latching onto Townsville GigaDream™ put some wind back into Magnis sails:

"Bill Moss plots $2bn Townsville lithium-ion energy dream"

Great to see '$2Billion', 'Townsville' and 'Dream' in headline sentence.
Also noteworthy that GigaCash™ requirement identical to previous post below, but almost certainly not source of estimate.
$2 Billion Dollars!

Has a shift from graphite mining to mining government subsidies become new company focus?
"Mr Moss said the Townsville plant would rely on financial support from all levels of government.."

Australian article also suggests NAIF eligibility is being investigated.
Seems NAIF, acting as lender of last resort, may provide 50% debt to eligible projects with stipulation it must be repaid. $1Billion or so may need a touch of Government DD.
Northern Australia Minister Matt Canavan, who oversees NAIF certainly cautious with taxpayers' cash in his care:

"I recognise there are always going to be people who want it sooner, quicker, but we have to be careful and diligent..."
"The worst thing we could do for northern Australian development is rush hastily.."

SMH article quoting minister also laments NAIF yet to lend any funds:
http://www.smh.com.au/federal-polit...e-on-board-than-projects-20170328-gv8ozt.html

Will taxpayers help fund the DreamFactory™?
Will Bill's plot thicken?....

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"Has a shift from graphite mining to mining government subsidies become new company focus?”

What mining company doesn't take full advantage of government subsidies, negotiate favourable terms when locating it's business - only a dumb one I suggest?

Tesla's Elon Musk built his multi billion dollar businesses - Tesla, SolarCity, SpaceX - on the back of estimated (so far) $4.9 billion in government support. Nevada state provided Tesla with $1.3 billion in incentives to build the GF in that state. New York state provided $750 million to build the SolarCity GF2 in their state. Mining companies operating in Australia are no different and Australian companies setting up mines in overseas location also take full advantage. Suggest you take a peak into the biggest Aussie miners and check out their tax breaks/subsidies, and yes us taxpayers are helping to fund them.

However, these companies all provide jobs and open up new areas for supporting industries/businesses that also provide new jobs. That's the whole idea of government subsidies.

So what's your issue?

BTW - Bill Moss was part of a group of industry specialists that were bought together by the NT Govt back in 2015 to guide the government in it's plants for the development of Northern Australia.

Michael Bridge (AirNorth)

Alan Jape (Jape Group)

David Thodey (Telstra)

Jennifer Westacott (Business Council of Australia)

Peter Fox (Linfox)

Nick Paspaley (Paspaley Group of Companies)

Andrea Sutton (Energy Resources of Australia)

Ian Smith (Bespoke Approach)

John Anderson (Santos)

Bill Farmer (Former Ambassador to Indonesia)

Martin Ferguson AM (Seven Group Holdings)

Mark Bouris (Yellow Brick Road)

Sir Rod Eddington (JP Morgan)

David Peever (Cricket Australia)

Viv Oldfield (Alice Springs businessman)

Bill Moss AO (FSHD Global Research Foundation).

http://newsroom.nt.gov.au/mediaRelease/10961

"SMH article quoting minister also laments NAIF yet to lend any funds"

Recent media articles suggest there could be around five projects, set to benefit from the fund, would be announced by mid-year - which is round about now. So, stay tuned I guess.