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4.2¢ magnis energy technologies ltd

Ann: US$52M Term Sheet Signed for New York Battery Plant, page-53

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anf0

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20/03/19

00:52

Post #: 37817327
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Originally posted by Trommel: ↑

Are you trying to change your story now? You originally said 24 months as a response to the announcement which was completely wrong. You either can't read or didn't understand the details in the announcement. You stated:

"1. Am I correct in assuming the plant won't be ready for production for at least another 24 months? From my brief reading, the loan is paid in tranches, one ($30m) in 50 days and one 12 months from that date. The second payment, which is almost half the loan amount, will then need to be applied to the project. Are we looking at another 6? 12? months from that point before production is actually ready?"

You did not say that you imagine it will take longer than 12 months due to previous delays in other projects etc.

You can continue if you like and i'll continue replying if I have time.

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What I said was completely correct. We don’t know for certain how the second tranche will be applied, therefore how long it will be until its contribution results in revenue generation. Hence you said “I imagine it’s for...” - you don’t know. Nobody does.

MNS Price at posting: 26.5¢ Sentiment: None Disclosure: Not Held
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