MNS
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0.00% 4.2¢ magnis energy technologies ltd

Based on a name change?I do have to wonder the reasoning behind...

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  1. SteveSage
    564 Posts.
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    05/11/18
    11:14
    Post #: 36389573
    Based on a name change?


    I do have to wonder the reasoning behind the name change

     - based on what MNS paid for C4Vs 8% share in IM3NY (~1.7m), the entire IM3NY is valued at ~US21m so say AUD30m

     - and MNS' share of that is 41% which is worth AUD12m

     - current MNS market cap is AUD183m so what is the other ~AUD170m attributed to...if anything, this company should be called Nachu Mining (even if it's just to remind mgmt what is keeping the price above 10c)


    MNS Price at posting: 30.5¢ Sentiment: Hold Disclosure: Held
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