Australia's largest stock trading and investment forum Australia's #1 stock forum

MNS

Click for more information

0.00%

4.2¢ magnis energy technologies ltd

No more PROs, it was all a CON.

First 447 Last

Share
Profile

Follow
TopSahara

8,107 Posts.

546

29/12/23

21:28

Post #: 71663860
Share

Originally posted by MNSFan: ↑

Some pros and cons of investing in MNS IMO are :

PROs

1. It has a part ownership in a large battery producing company in New York that is already producing batteries for sale to a huge market.

2. It has ownership of land in Tanzania with proven reserves of very high grade material that can be used in battery production.

3. A strong management Tesm at MNS is led by Frank Poullas who has 'skin in the game' (holding over 13 million sh beenares and he's beem buying more on market over many years)

4. The SP was 6 cents a few years ago and rose to over 75 cents....the company is now far more advanced than it was then. Its at year lows now.

5. Lots of posters on HC that are non holders post negatives of the stock...why do that unless you want to panic holders into selling ?

CONs

1 The company has not yet released evidence of sales of its batteries to the market...it needs to show the market it is income producing.

2. Tanzania is a difficult country
to do business in and get funding for mining activity.

3. There has been negative press in the media vabout MNS.

Expand

No more PROs, it was all a CON.

MNS Price at posting: 4.2¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

3 Great analysis

Reply

Top Stories

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

VUL

Vulcan appoints investment bank and M&A veteran to board

There are more pages in this discussion • 629 more messages in this thread...

First 447 Last

Add MNS (ASX) to my watchlist

SPONSORED BY