Irrespective of the chart and the technicals, the fundamentals can’t be ignored either, we know that MNS is getting low on funds and that a large capital raising is required to see them through the next three quarters and to realise their battery manufacturing ambitions. Perhaps they’ll do a small placement to give them some breathing space and which will better position them in their negotiations if they do in fact have a cornerstone investor lined up.
MNS Chart, page-1046
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