They can't deliver, it's my conclusion. Tanzania graphite is stopped at the expensive Eco village. They just did the easy bit that was giving away the money. So Tanzania graphite is 3 years plus from any production if they can get a plan drawn up today. Then the Tesla deal is no way to be able to deliver by the agreed time frame. Even if they source the graphite from other miners, the processing plant is no way done in a year. The battery business become riskier every day. I would assume the last cap raising is to produce even more battery. May be we now need to believe in the Australian newspaper. We may need to believe that something unethical going on as you can search google (little mess of legal battle in NY)26 June 2022—Former Magnis battery plant exec Paul Stratton claims 'unethical and possibly illegal conduct' at iM3NY battery plant in legal suit.
Why I'm Optimistic about Magnis, page-235
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