MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Quarterly Activities Report, page-19

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 564 Posts.
    lightbulb Created with Sketch. 102
    I can't understand why people are sold on the idea that a miner can build a gigafactory.

    IMO, you have to suspend a lot of critical thinking to believe that a miner with a claim in Tanzania and a lose arrangement with a battery guy working for a university can turn a multi-billion dollar manufacturing industry on it's head.....look at the competition and the resources they have vs C4V which seems to be a one man operation.

    C'mon folks, been saying this for a while.....batteries are not happening for MNS.....they are burning cash at 1.6-1.8m a quarter and 6m left in the bank so another 3-4 mths and then all mgmt have time to do is focus on raising funds again.  Marc needs to get rid of all the professors taking directors fees and minimise the cash burn until something breaks in Tanzania (or go himself with a consortium to make the case to the mining commission).  
 
watchlist Created with Sketch. Add MNS (ASX) to my watchlist
(20min delay)
Last
4.2¢
Change
0.000(0.00%)
Mkt cap ! $50.37M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
MNS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.