Being of German background I had a look at both versions the original vs the translation and here is what I found:
***far more risk-averse*** in the original article the opposite - "far more open to taking risks!"
***Behind this is the Australian "large-scale company" Magnis Resources*** this is not an inaccuracy in translation, the original is saying the same, however I question the accuracy of this statement and wonder what level of research the writer went to and/or how they could arrive at this statement? Who if anyone gave the briefing to the writer?
***The company is one of the world's largest suppliers of graphite*** once again not an inaccuracy in translation and the statement in this case IMHO is plain wrong! I case this comes to the attention of MNS, should there be a correction by MNS to the ASX?
***LiStrom is planning three gigafactories:In Townsville, Australia, with a capacity of 15 GWh per year;In the US in the state of New York, also 15 GWh;In Germany with 32 GWh, there under the name LiStrom.*** Wow, sounds like "large-scale company" indeed, however at this stage, at least in my mind, there are a still more then just a few questions to be answered before even the plans are set out.
As for Townsville, I'd say let's just see how the FS turns out and if positive if the QLD Government coughs up the $100 million for the needed infrastructure "improvements" and what timeframe would be attached to that. I guess they would wait for a final investment decision by IMP3 in the first place, which may go hand in hand with a plan to finance the $1.6 billion needed for the Giga factory. NY will still take a bit of time and $$$ and I think Germany is still at a feasibility stage as well.
So in essence a nice article, but ... . It may have done a little for the MNS SP and so the bounce I suggested, but can it be more than a bounce? As per usual time will tell!
MNS Chart, page-1241
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