I think you need to take another look at Magnis’ pre-production capital expenditure requirements. “just a couple of $10-$30 million sniffs” is not going to cut it.
The market hasn’t responded particularly well to Magnis’ securing a ‘cornerstone investor’. With now +600m SOI the potential EPS continue to diminish.
Ann: Magnis Secures $11.1M Investment, page-92
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