MNS magnis energy technologies ltd

I hold and I agree with sroyle on battery factories What a waste...

  1. 3,257 Posts.
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    I hold and I agree with sroyle on battery factories

    What a waste of time, effort & money from MNS mgmt to think they can compete with companies spending BILLIONS of dollars building factories and R&D.

    It's farcical to think:
    - that a company with less than $5m in cash can start production on 1GWh (let alone 15GWh) when they don't even have the cash to pay for the raw materials.
    - that Suresh in his little lab working for multiple companies can compete with 1000s of engineers focused 100% on developing the best and most cost efficient batteries
    - that VW or any auto company will put 1c into MNS when MNS is dependent on govt funding to do a feasibility study

    What a joke is absolutely correct.
 
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