I read about the proposed Magnis Imperium3 Battery Plant in my local newspaper, which our local Council is supporting, and decided to research Magnis and this investment opportunity. A friend told me I should join Hot Copper because there will be knowledgeable long term investors in Magnis posting here.
As I starting reading back through the ASX announcements, I was surprised and concerned when I read the 11/12/19 announcement, which says Magnis are seeking to arrange 80% of US$277 million in funding to construct their graphite mine in Tanzania.
My first question is:- If Magnis are unable to secure funding to build their graphite mine in Tanzania, where will Imperium 3 obtain a suitable quality and quantity of graphite for their battery plant in Townsville?
Thank you for your assistance
P.S. I will have other questions to ask from my reading
