Depends what 52m gets you......an operational factory?
It appears now that battery production is slated to start 12 mths after funding closure (so around that means around May 2020).
Look, anything that drives the price up is good for me as a shareholder; long term I still believe Nachu is the asset that is going to deliver value; this should help the share price, but only as long as they use the funds appropriately (remember ~11m was raised last year by MNS and most of that will be gone in 4-5 mths).
Lets see the detail and go from there.
MNS Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held