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4.2¢ magnis energy technologies ltd

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Matt72

1,659 Posts.

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27/10/15

21:32

Post #: 16267072
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Originally posted by pedro23 ↑

Hi Guys you may have already discussed this but can you help? Just after some guidance .....after MNS have ticked all boxes to date. The last few announcements mean we have unticked some boxes to start in different direction?

1. Does today's announcement mean that MNS will have to complete DFS ? next year?
2. The MOU signed today is only a MOU not binding.... as SIMONA and SINOSTEEL binding agreements may not even be that? Does this mean an agreement made in china is not worth anything really?
3. Do we need to raise cash again soon as $4m will not go far?
4. The announcement about the uranium spin off .....how long will that take and why wasn't the asset sold to raise much needed funds? Will this be a lengthy process to prepare the prospectus etc?
5. Will Sinoma be involved still as they seem to be in the background only at this stage...??
6. Todays announcement whilst very positive, does not mean anything in terms of firm agreements and seem to confuse the issue ..was it more of an agreement to get ready for better stuff down the track,aimed at keeping the share price a float?

Thanks
Pedro

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Pedro wait for quarterly update coming in next day or two

It will clarify some of your questions/concerns

MNS Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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