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4.2¢ magnis energy technologies ltd

jdpc35, love the bit about sales, would you mind telling me just...

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TopSahara

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19/11/22

14:44

Post #: 64871547
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Originally posted by jdpc35: ↑

Nagarjuna - agree with your comment "test results are kept confidential between customer and vendor". The only thing we would see is sales being recorded.

On the sales front, I am not surprised that we have not heard of "first sales" at this juncture. It would not surprise if (unless they desperately need to the cashflow), that they are now announcing commencement of sales as I suspect with the $35/kWh tax credit kicking in on all sales booked from 1st January, there is significant incentive NOT to be booking sales now, but rather to hold these over to start next year. Cash between iM3NY and counterparts can be managed via prepayments, etc but if I were in their shoes, I would not be muttering the "S" word for the next 5 weeks.

GLTA & DYOR.

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jdpc35, love the bit about sales, would you mind telling me just where they are making the so called batteries, bet you canNOT come up with that info.

MNS Price at posting: 38.5¢ Sentiment: Sell Disclosure: Not Held
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