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4.2¢ magnis energy technologies ltd

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Thaigher

1,851 Posts.

102

15/08/18

13:12

Post #: 34952232
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Originally posted by Wilma85 ↑

Originally posted by anf0

I had maintained for a long time that 28c would act as support, but I’m reconsidering. The way price has shaped up with long, sustained wedge building has caused this current phase of capitulation. I think it’s more likely to visit major support at 20c now.
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.

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It is called management Wilma85.

This mob majors in minors and all the rah rah brigade are beside themselves when Frank shows his commitment and buys a piddly amount every month for his own super account.

Unless they get some external help and get it soon we could quite easily be in very big trouble!

MNS Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

1 Great analysis

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