MNS 0.00% 4.2¢ magnis energy technologies ltd

So they have raised 10million to advance AAM demonstration plant...

  1. 72 Posts.
    lightbulb Created with Sketch. 33
    So they have raised 10million to advance AAM demonstration plant and Nachu project. We all know funding is the most critical part which Hoshi mentions in his video but my concern is even if DOE funding comes through it seems we will need to raise again and if the SP doesn't recover the dilution will end the company or am I missing something? The way I read it DOE outcome 6 months out? Any revenues from iM3NY most likely will be used to upscale iM3NY and won't be used to keep lights on at Magnis? HSBC disappeared?
 
watchlist Created with Sketch. Add MNS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.