Australia's largest stock trading and investment forum Australia's #1 stock forum

MNS

Click for more information

0.00%

4.2¢ magnis energy technologies ltd

Ann: Quarterly Activities Report, page-20

First 20 Last

Share
Profile

Follow
claire69

34 Posts.

6

01/02/19

19:26

Post #: 37304711
Share

Originally posted by SteveSage: ↑

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).

Expand

300k+ p.a. for CEO, 300k+p.a. for MD, 700k+ p.a. for "IT services"..., millions for C4V... and more and more and more. And no cash flow from running business. One day the bubble will burst..

MNS Price at posting: 35.0¢ Sentiment: None Disclosure: Held
3 Upvote

2 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

AXP

Tambourah chases gold veins and mineralisation extension with drilling

There are more pages in this discussion • 31 more messages in this thread...

First 20 Last

Add MNS (ASX) to my watchlist

SPONSORED BY