MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Half Yearly Report and Accounts, page-3

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  1. 4,971 Posts.
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    must agree - very little info here and unfortunately the plant still wrapped in plastic in NYC!!!! so much for Siemens input to reconfigure it - obviously all a funds issue and other than management fees (as non-holders keep referring to) can't see too much more progress for SH's.

    Realistically @anf0 probably correct that we will drift down to the teens and that no production in NYC till sometime next year (probably middling to end!!).

    Townsville feasibility to be finalised by end of 2019 by the looks of it - then will be quite a while before anything starts there realistically.

    so am not impressed in the least with this ANN and yes the non-holders correct in that too many timelines missed and are still open ended - so to me not too much has occurred to drag SP up.

    commercial in confidence agreements - well am really beginning to wonder if they are in progress or its being used as an excuse for not much more progression wise.

    very disappointed!

 
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