No, as was clearly stated at the AGM and on here countless times, Magnis do not need Nachu in order to maintain their contribution to a signed 64GwH of Battery production.
64GwH, by anyone’s standards is massive and this actually does make them a major contributor to the battery technology sector.
Another ignorant comment, ‘will they be able to enter the competition at all’... they already have entered; Germany’s 2 biggest upcoming gigafactories Plus other’s in NY and Townsville.... Magnis/C4V nickel and cobalt free batteries will be the next benchmark in cost and performance... no wonder so many contracts are being signed.
Patience, the timeline slide mentioning Nachu finance in H2 2017 was actually commented on by Frank as being a mistake in the presentation.
No, as was clearly stated at the AGM and on here countless...
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