MNS 0.00% 4.2¢ magnis energy technologies ltd

Oh dear Lord help me. Foresee: to see (something, such as a...

  1. 697 Posts.
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    Oh dear Lord help me.

    Foresee: to see (something, such as a development) beforehand

    When Syrah starts making a profit ask me again however I doubt they will ever make one unless the price of graphite goes through the roof imo. How long have they locked up the supply price for? They are in direct competition with the Chinese for graphite supply. Let's see how that works out. If you read the quarterly you would have seen their cash bleed. They say cashflow positive in the 3rd quarter. I can't see it at all.

    Or do you think Magnis is dropping some hints to other Tanzanian graphite hopefuls? Point 6. The one about the ban on graphite concentrate exports. If correct it is the death of many wannabee miners. Looks like you need to add value to the concentrate in country before you can ship it. You know like producing a battery anode in country amongst other things. Do you know of any other ASX graphite companies in Tanzania who have a business plan to do that?

    Like the old Lionel Ritchie song says Sez you, Sez me.
 
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