MNS 0.00% 4.2¢ magnis energy technologies ltd

Magnis buys $200 million of battery making equipment for $5 million, page-29

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    Robbo you have questioned the market value of the equipment being $200m but the facts are MNS had budgeted in the feasibility study capex would be $130m but the actual cost $5m is fundamentally management being prudent in establishing the NY manufacturing site. Frank and management keeping producing outcomes that are beneficial to us shareholders value mid to long term. No bells or whistles with our management just no fuss approach that keep ticking the boxes.
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