MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: New York Battery Plant Strategic Advancements, page-35

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  1. 7,025 Posts.
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    Hi uni,


    Any director who has bought in the last 3+ years has lost money. I know this because MNS is about as low as it has been in the last 36 years and indeed lower.


    https://hotcopper.com.au/data/attachments/1327/1327183-7f28066d78b2466ec220c6b9718f1af2.jpg


    I understand the concept of director buying being "good".


    However, surely you agree that director buying has not been successful investment to date, right?


    And surely you agree that putting in $11.1m only to walk straight into a paper loss of nearly $3m isn't really all that great, is it?


    And if you do agree with the above, then why do you think following a losing strategy will work better for you?

    Last edited by robbo24: 16/10/18
 
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