Originally posted by JC78
You sound very pained with your investament.
I would suggest you sell immediately as life is for enjoying my friend. If it all gets too much it makes sense to exit the stadium.
Must have missed the ramp artist posters.
Is that like the directors salaries threads comparing the salaries of some ASX Listed Graphite companies?
As for the stink, the alarm bells, the disappearing Mou's, the weird property invester capital injections, no mine, no finance,
experimental F1 batteries, whatever's, hope of Bez picking up the tab, might be the only money you see from this cash black hole - I can't believe you still hold McGee.....lol
Maybe you need to sit down with JC and have a chat about the energy revolution that is coming my friend.
Don't let my confidence erode your already positive unabiased outlook. It's OK McGee some of us believe in our future success.
Thank god Magnis has guys like Bez on board who don't milk the Company for a ridiculous salary, but instead are involved as they see a future and they have a vision.
It was refreshing to know just how extensive his Industry contacts are throughout Europe.
Maybe you can sell to me on Monday?
Magnis claims it will compete in the highly competitive and cost intensive business environment of the global battery market. Magnis also claims its batteries are unique. Magnis also makes the inference that a boutique (in comparison to Panasonic and their ilk, revenue of US$70b in 2018 - was that figure correct?) operation is sustainable, and somehow competitive (probably with ongoing ramp-up, which means extra investment).
I believe Magnis's current proposal is to roll out production mid-2019 from the 2nd hand equipment which the original owner, with hundreds of millions of dollars to invest (when the equipment was new, under guarantee, and installed on site as per their specifications - is that right?), couldn't make it work?
I'm not even going to mention the supply of raw materials, labour (was qualified, trained machine operators required?), electricity, rent etc. etc. and that's assuming everything works smoothly and something doesn't need replacing (which is often the case with 2nd hand machinery, especially machinery which has been mothballed for a while, and then picked up and moved. And was machine modification required to be compatible with the Magnis process?) before a single dollar comes in.
It's a question of metrics; XX (in) * XX (operation) = XX (produced). The final question is does anyone want the batteries (I suggest yes, everyone wants batteries), but at what price? It seems unlikely that Magnis will price-setters, rather than global price-takers (given their currently non-existent global battery footprint and boutique size meaning price setting will be difficult, if we're being polite).
Given the near 3 year low, it certainly seems like the market is aware of the headwinds facing Magnis.
Did you get your top-up yet?
(20min delay)
