MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: US$52M Term Sheet Signed for New York Battery Plant, page-26

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  1. 298 Posts.
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    Sure kingofhell that would help paying the wages and bills, however tax credits usually only apply when they making an overall taxable profit. So really before they making a profit "only" the US$4 million apply. That's why I asked the question about the profit margin, in these batteries, because that's in the end where the profits need to be generated to cover all the costs I mentioned.
    So far it seems there is an ongoing process of market qualification for the batteries supplied to "off-take partners", which seem at this stage be able to walk away from those contracts! So really how secure is the income stream at this stage of the game?
 
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