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0.00% 4.2¢ magnis energy technologies ltd

Reports indicate IM3 acquired $200 million worth of assets for $5 million, page-14

  1. Wilma85
    7,942 Posts.
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    05/03/18
    19:20
    Post #: 31539253
    Quite extraordinary that the market responded so positively to a rather insignificant announcement. Well done to those holders that sold into the news.

    Still no feasibility study, but we know that MNS was able to pick up an additional 8% interest in IM3 NY for a bargain price of US$2.5m. That should help you value the proposed NY gigafactory.
    Last edited by Wilma85: 05/03/18
    MNS Price at posting: 44.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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