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4.2¢ magnis energy technologies ltd

I agree with what you've said, however I would prefer not...

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Jasper22

2,231 Posts.

492

09/08/23

18:41

Post #: 69254017
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Originally posted by zillarace: ↑

How is WKT funding their mine?

Did they get debt funding approved if so by which lender? Or did they fund the mine based on CR or equity partner?

This is relevant to MNS because if WKT got a debt financing loan approved MNS should be speaking with that same lender to get financing for Nachu.

Nachu biggest issue is mns can’t get it financed over 6 years. So question is what are they doing to try different? Maybe looking at how others in same country got funding and appeal same strategy.

Ideally MNS should find an end user of our graphite sign offtake with them if they can provide the cash to come on as a equity partner and try seek a JV. OR go back to large Chinese offtake and again seek debt financing from China.

I believe Nachu current offtake traxys is a trading house so probs not interested in JV.

Western offtake is good but end of the day if we failed to seek debt financing from Western and Chinese is willing to buy our graphite and fund the mine it’s time to get the ball rolling.

Such a quality asset and amazing quality graphite sitting in the ground.

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I agree with what you've said, however I would prefer not to deal with China in anyway, but if we get completely stuck I would accept the option.

MNS Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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