MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: 2018 Annual Report, page-31

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  1. 1,434 Posts.
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    Hey Uni,

    Taking a punt on director buying eh?

    Guess the current directors hopeful, though Peter Sarantzouklis who resigned as director on same day as the 'clarification' fiasco above appears to have sold down 2.5 million subsequently. At least that's my assumption going off latest T20 and qty declared at resignation date (both in annual report). That sell down roughly equal to 5 directors buying combined. No sign of C4V in T20 after 7.5M shares issued in March, no surprise if they're selling to fund ops.

    If ur punting on Germany then language around fatherland projects toned down of late, with annual report mentioning infancy of plans:

    "Plans on both these projects are at an infant stage at present, however further progress is expected in the coming year as corporations within these regions require batteries for the influx in demand for electronic vehicles and power storage."

    Recall the 'strong progress' fluff in Jan 2018 when "key agreements are expected to materialise in the coming quarter" ?


    cheers
 
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