MNS (ASX) Ann: Trading Halt

Originally posted by MrSpecter ↑

let me refresh your memory.

7th February: 30 billion wiped off the ASX in the 24 hours prior

The ASX had its worst day since late-June 2017, with about $30 billion wiped off its total value.

This follows last week's vicious sell-off on Wall Street — as US government bond yields surged to a four-year high, and the prospect of faster-than-expected US rate hikes spooked investors.

The benchmark ASX 200 has fallen 1.6 per cent to 6,026 points (at 4:15pm AEDT).

As for the broader All Ordinaries index, it has also dropped by 1.6 per cent to 6,128.

As an indication of how deep the sea of red is, 186 of the 200 companies in the benchmark index (93 per cent) have sunken into negative territory.

6th February: Bell PotterCR for $5 million offer closed 4pm

Bell Potter Securities is in the market with a placement for lithium-ion battery play Magnis Resources.

The broker is seeking to place 11.6 million new share at 40¢ each to raise $5 million.

Funds raised were pegged for "material acquisition of assets and equipment to assist with the company's lithium-ion manufacturing strategy and general working capital. The offer was priced at a 7 per cent discount to the stock's last close. Bell Potter was calling for bids into the placement by 4pm on Tuesday.

Alevo Auction: the Alevo Auction Opened Tuesday, January 30th 2018 at 8:00 and began closing items from Wednesday, January 31st, 2018

Also, As per the auction terms, all offers must be accompanied by proof of funds and ability to close and make payment within 24 hours*

Announcement from Magnis 8th February PRODUCTION TO BE FAST TRACKED IN NEW YORK WITH ACQUISITION OF LITHIUM-ION BATTERY PLANT ASSETS

Capital raising to assist with funding the acquisition raises A$5 Million

The Lithium-ion battery plant assets consists of high quality new and near new equipment from major United States and European suppliers. Over US$200M was initially invested by the previous owners into the plant which was constructed and commenced full scale operations in 2016 and employed over 290 people. The liquidation sale of the equipment occurred as the previous manufacturers constrained production to bespoke lithium-ion batteries that had limited commercial appeal, while the facility itself was equipped to manufacture large volume batteries for the auto industry or power walls for home usage which are now growing in demand. The IM3NY team thoroughly reviewed the technology and confirmed the procured plant can easily and cost effectively be calibrated for such large volume manufacturing runs. As a result, the Imperium3 consortium is of the firm view that this is a low risk, cost-effective and value-accretive transaction.

End

Now considering 30 billion was wiped of the ASX on the same day of the CR, I think it is more than fair to say it was done at a premium. Maybe not literally if it makes you sleep better tonight, but certainly a fair call giving the market conditions.

Also considering how swift MNS management were for their due diligence, inspection, bid/offer and procurement and on top of that to raise the funds within the timeline and market conditions...I’d say that was freakin brilliant.

Now weather we raised at 40c or 43c...looking back at it now within the context, does it really matter lol I mean check this out....

Equipment on Auction:

ANODE

Anode Mixing Room with Ross Mixers

Anode Coating Line

Anode Blanking & Sorting Line

Anode Welding

CATHODE

Cathode Mixing Room with Ross Mixers

Cathode Coating Line

Cathode Blanking & Sorting Line

Cathode Welding

CELL ASSEMBLY

Consisting of Cell Assembly Pouching, Stacking, Pin Welding, Can Assembly & Welding, Leak Testing, Steel Bond Welding, Drying, Fill EMM, Fill Electrolyte Filling Station, & Cell Fill Conveyor

FORMATION

2015 Solith Sovel Sovema Formation Line, 26-Charging Modules, (6mm New)

TANKS

(6) DE Dietrich -Gallon Glass Lined Holding Tanks 300 Gallon to 20,000 Gallon

(3) Bendel Vertical Storage Tank 6,000, 10,000 & 13,000 gallons, Stainless Steel

(3) Bendel Vertical Storage Tank 1200 Gallon & 500 Gallon, Stainless Steel

(4) Large Pressure Vessels for Premix (B200-F40, F-41), Associated Pumps, Valves, etc.

Pfaudler 750 Gl Mixing Tank, Glass Lined

COMBiLIFT & FORKTRUCKS & VEHICLES

Combilift 100,000-Lb Straddle Carrier Lift, Like New

Forklifts, Mobile Carts, Pallet Jacks, Company Vehicles, Mobile Assets

(2) 2015 Skilled Euro Impianti Automated Guided Forktrucks

FACILITY & SUPPORT EQUIPMENT & MSC

(Qty 500 +/-) Vidmar Cabinets

(4) 2016 Caterpillar Generators Sets, D150-8 150-KW 150 KW, 350 KW, & 550 KW

(10) Carrier, MJC, Stultz, & Tempest Chillers, RTO, Compressors, 4 Bender Pressure Vessels

SO2 Scrubbers

Fanuc M-710i Robots

(3) Bushman 100,000-Capacity Transfer Cars, 45'L x 9'W

(2) Pressure Vessels w/Agitators, Portable to Transfer Slurry

2015 Z Magazzini Zecchetti Traslo HHB133/500F2 ASRS Robot

Inspection Equipment, Labs, Machine Shop Equipment

(6) Grid Bank Housing Structures, with Chillers, Pumps, Motors, Valves, Gas Monitors, MRO Pallet System

2015 Safe Rack G4 Series Truck Load/Unload Gangway

(5) Merson & API Heat Exchangers

Hercules II 750 Series Handicap Elevator

ELECTRICAL ROOM & SPARES

Installed 2016 Approx 300' of Bus Duct, Switchgear, Transformer, etc., Installed 2016

(5) 2016 Parker AC/DC 2-MW Inverters

(7) DC Bolt Switch Disconnects MRO Pallet System

IT Gear, Dell Power Edge Server and switch, Office Equipment and Furniture

Credit is due where credit is due! Well done MNS management!

Expand

Amazing summary,you really know your stuff.
Like i said progress is being made and faster than we think.

(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

Ann: Trading Halt, page-41