MNS 0.00% 4.2¢ magnis energy technologies ltd

Good to see an update on Nachu and that local compensation &...

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  1. 564 Posts.
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    Good to see an update on Nachu and that local compensation & relocation issues seem to be sorted....so yes happy about that.

    Big issue is still the funding and compliance with local listing/ownership requirements which if you read between the lines does not seem to have moved; if you recall they indicated investors would be visiting the 'mine' last quarter so that seems to have fallen through, and I note that it say "with a global engineering group" which may or may not eventuate (we have had many 'encouraging' discussions before). No word on discussions with mining commission or Tanzanian govt which is disappointing.

    Again on balance, good to see an update and some progress, and good to Marc signing off on this.

    The price action (atm) seems to support my comments, but my sense is that if there is any update wrt the Tanzanian Govt and funding (I would imagine that would have to be the order), then the price would easily be above 50c.
 
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