Legend. These guys have done tremendously well to get to this...

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MrSpecter

625 Posts.

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28/10/21

07:30

Post #: 57130178
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Originally posted by joeycloud: ↑

It's going to be new momentum on top of the previous one. The good news is that the surprise buyout this afternoon would have caught most daytraders by surprise so they wouldn't have had the opportuity to get in before the jump from 37 to 43c. it's unlikely to be a selloff tomorrow from such daytrading as a result.

If anything we're possibly good for a continued run up to 50c before we see new resistance emerging from the exercise of unlisted options or other profit takers for early investors. Though if most current holders are like me, they're targetting well past $2-3 billion valuation before considering even a partial exit of their positions.

All of this attention is only good for MNS and IM3 will back it up with their factory going live in the coming months to justify the upgraded valuation (which IMO is still heavily discounted compared to peers at the same stage of development).

Also worth noting that Prof Whittingham (Nobel laureate on Magnis board) and Sheilesh Upreti (IM3NY chair) are talking right now at a NY conference about their battery tech and manufacturing; it is $250/ticket entry. Some investors are dialled in and we'll report back here if there's anything of note.

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Legend. These guys have done tremendously well to get to this point. We’ve got a great team both at MNS and IM3. Credit to Frank and Shailesh for collaborating and working through the many challenges and naysayers. You’ve really got to admire these guys for their resilience and how a vision has now turned into a reality. I’m pinching myself! I don’t post these days as I prefer to hold tight, while observing the new generation of investors share their valuable research (and the new generation of trolls destroy these forums from time to time) I’m sure there are many long term investors behind the scenes enjoying this moment…and so much more to come. Im pinching myself! Let’s rock and roll. Good luck to all!

MNS Price at posting: 43.5¢ Sentiment: Buy Disclosure: Held
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1 Great analysis

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