MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: 2018 AGM Presentation, page-83

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  1. 1,434 Posts.
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    Nothing new here anf0,

    Delay to bone battery adventure was flagged in recent Activities Report. Production line start now pushed back to end Q3 2019:

    "Plans are geared towards the initial state of production during the latter stage of calendar quarter three next year in a more robust 300,000sq feet facility that is located within the adjacent storage facility on the former IBM manufacturing campus at Endicott."

    Poster's AGM notes simply confirm Magnis backpeddling on timing & size of NY facilities. Given history of MNS originally stating a building of 60 acres ( 2.6M sqft) was earmarked for the 'gigafactory', the Q3 Activities Report comical indicating 300k sqft now on the cards. Though don't put much store in that figure either: vague indications concerning moving from storage to more 'robust' facilities fail to mention what percentage of those premises will actually be leased. Guess will have to wait for independent accountants to accurately describe what's actually under contract in 2019 Annual Report. LOL

    Meanwhile, 2nd hand gear remains in storage with specific building yet to be announced. Looking forward to Investor Relations supplying an external photograph or two in the next year or so....
    Last edited by sroyle: 06/11/18
 
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