Agree with you that we will not be needing to do a capital raise...

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Mucha123

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21/02/23

15:14

Post #: 66374673
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Originally posted by SBG14: ↑

Regardless of the Feb 2025 start, with Tesla, what investors will finally see is that this offtake will start the ball rolling with others now committing to MNS, and I don't just mean other offtakes.

Tesla can't afford (like every company) not to do thorough due diligence, and signing this offtake de-risks MNS enormously.

It allows others to take note that if Tesla have signed, and from 2025 MNS will start receiving X amount, then the financial health of MNS is dramatically improved, which as I said, helps others signing on that were once holding back for more financial stability.

It also may help with financial funding and grants. Awarding grants becomes easier when a company has a more stable and clearer path to financial health as they grow and expand, with signed offtakes such as this.

I think you will find that apart from an upcoming announcement for the location of the AAM facility, that needs to be done by end of June (and will), there will be be OTHER big name announcements now committing also.

Right now, I'm not convinced either about a CR coming like some others have suggested, to help sort the AAM pilot facility build before March 31st 2024, and a commercial AAM facility by Feb 1st, 2025. I still believe that a substantial 'grant' and funding is not far away, which will also push up MNS

I'm really looking forward to 2023, but more so the next 6 months !!

Well done MNS and Frank !

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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

MNS Price at posting: 43.5¢ Sentiment: Buy Disclosure: Held
21 Upvote

2 Great analysis

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