Agree with you that we will not be needing to do a capital raise at this stage in time as MNS strategy currently is to fund all projects with loans and grants IMO.
I believe today’s softer than expected market reaction to the Tesla announcement is predominantly by frustrated retail investors and traders taking profit based on constant delays in timeline recently which in my opinion is to be expected with a start up company in the lithium ion battery industry. Apart from the delays all projects are progressing as planned IMO.
First major OEM offtake agreement with the world’s leading EV producer is a huge step forward. Tesla must have tested not just our AAM but also the batteries being produced in iM3NY to have signed the agreement.
Looking forward to all the expected announcements to come to fruition soon. Best wishes to all MNS holders
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