MNS 0.00% 4.2¢ magnis energy technologies ltd

Short is way over extended...., page-61

  1. 935 Posts.
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    I declare I have interests in both companies but seriously, there is a big difference between a Capital Raise and a Strategic Placement. I would think the discussions with whoever the party VRC placed money with would have started some time ago, therefore I would imagine it would be about 10c. The price has moved pretty quickly. I think if they get 10c and get the backing of a large investment fund/investor it is a very big positive and a great result. If it were to drop back to 8c and I don't think there is any chance of that I will be collecting them happily.
 
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