MNS 0.00% 4.2¢ magnis energy technologies ltd

With each new battery announcement over the last 12 months, the...

  1. 2,885 Posts.
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    With each new battery announcement over the last 12 months, the share price falls further.

    If that doesn't give some indication, then I'm not sure what will.

    A ton of hurdles to clear in Tanzania to provide certainty to shareholders/market that there is progress on the mine.....to date this year, there has been nothing announced about the mine (note I'm not talking about SEZ which has no assets & IMO no value).

    The value of this company was much higher before battery factories (so the market had to attribute it to the mine), and the value will be much higher when they refocus on reducing sovereign risk associated with the mine.

    As I've said before.....no announcement on Tanzania mine before end Aug, and we are retesting the 20s
 
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