MNS - MAGNIS ENERGY TECHNOLOGIES LTD

[blacksheep]

MNS received some coverage on Stockheads re their ann today - but what chart are they using in their article that suggests - "Magnis shares were flat at 5.3c on Friday."

 

Sloppy reporting - https://stockhead.com.au/tech/magnis-wants-...s-battery-tech/

[blacksheep]

Looks like Stockhead discovered their error and fixed to now read - "Magnis shares were 37c on Friday." - and issued the correct chart

[blacksheep]

Seems to be some update taking place in NY today - might get one here from MNS also?

 

EndicottProud

19 July at 13:57 ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚·

Please remember our meeting scheduled for Monday, July 23 at 4:00 PM at UE District Office. We will be hearing an update on Imperium3 from Shailesh Upreti​.

[blacksheep]

Battery power promises to re-energize Endicott manufacturing

eff Platsky, Binghamton Press & Sun-Bulletin Published 5:58 p.m. ET July 23, 2018 | Updated 6:01 p.m. ET July 23, 2018

Shailesh Upreti is determined to re-energize manufacturing at a site that long served as IBM Corp.'s Endicott production hub.

 

His plan: Have more than 1,800 people producing lithium-ion batteries within the next eight years.

 

From a small start ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ 230 employed by 2021 ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ and proving his patented battery technology, he believes he can develop one of the nation's leading green lithium-ion production facilities stateside, and then use the footprint to expand to India, the Middle East and Europe.

 

By 2025, he believes his Imperium3 consortium can be among the leading suppliers of batteries for electric cars and electric storage for sustainable energy producers.

 

"The DNA will be developed here, and ultimately it will be harvested in many jurisdictions," Upreti said in a project update to about 50 people attending a late Monday afternoon meeting of Endicott Strong, a community group dedicated to rehabilitating the community that grew and flourished in the heyday of IBM and Endicott Johnson but has suffered with the decline of both.

 

 

Among his believers are some Fortune 500 companies: Siemens, Eastman Kodak and Magnis Resources Ltd., the owner of the second-largest graphite mine in Africa.

 

"Why New York? Why not New York?" he responded when asked about his robust plan to expand his locate his manufacturing hub in Endicott. The state has the technical infrastructure, the talent and is ground zero for the developing market for lithium-ion energy storage.

 

Endicott production was fast-tracked earlier this year when the company bought the entire contents of the former Alevo battery plant in Concord, North Carolina, for pennies on the dollar and moved the entire operation to Endicott. Published reports indicated Imperium3 acquired $200 million worth of assets for $5 million in a bankruptcy auction.

 

Upreti said 90 percent of the acquired equipment has been relocated to the Huron campus in Endicott.

 

Last month, Queensland, Australia committed more than $2 million to assist Imperium3 in building a sister plant in Townsville.

https://www.pressconnects.com/story/money/2...cott/819073002/

[blacksheep]

A video of the Endicott presentation @ 00:34 shows a slide of global partnerships - Australia, New York, Europe, India - the last one is not clearly visible but could read Middle East

http://www.wicz.com/story/38710498/imperiu...obs-to-endicott

 

Strategic investors - As a result, potential investors, both domestic and international, are now undertaking various forms of due diligence with a view to making an investment in Magnis. Cornerstone investments form part of this interest. Discussions are progressing well and the Company is aiming to be in a position to announce a definitive investment this quarter

 

Issue of MNS shares in return for investment dollars will mean no need for a CR in the near future, although some dilution to current shareholders. If these "strategic investors" are household names, dilution won't be an issue.

 

Battery plants - Magnis and its technology partner Charge CCCV(C4V), have been exploring opportunities to develop battery plants in countries to add to the three plants planned in Australia, the United States and Germany. Discussions are ongoing and at least one new agreement is expected to be announced this calendar half year.

 

Next one could be India?

 

Regional office opening and consideration for dual listing - Recent engagement with large Original Equipment Manufacturers (OEMs), potential strategic investors and fund

managers regarding MagnisÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ growth strategy and prospects, has confirmed the imperative to access greater capital pools and funding to scale up its network of battery plants. In some of the markets that Magnis is assessing, there is greater knowledge of lithium-ion battery manufacturers, stronger valuations and a better understanding of the market dynamics.

 

Regional office/listing in NY or Germany?

 

Proposed name change - Imperium3 or something else?

 

Not quite enough to get the market excited ATM - need to get the names/detail out there of the "strategic investors" - but looks like that could happen during this quarter.

[blacksheep]

According to this article appearing in Townsville Bulletin, Townsville Mayor Jenny Hill and a delegation are meeting with Prime Minister MalcomlmTurnbull in Canberra next month (August)

THREE THINGS MAYOR WANTS FROM CANBERRA

SUPPORT for water security, advanced manufacturing and the Strand lagoon project will form part of TownsvilleÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s lobbying efforts in Canberra.Mayor Jenny Hill revealed some of her hopes yesterday for a delegation to meet next month with Prime Minister Malcolm

 

Delegation of mayors to take Townsville to Canberra | Townsville ...

https://www.townsvillebulletin.com.au/...ma...;/240f2e34903...

4 days ago - Townsville Mayor Jenny Hill will join a delegation to Canberra to meet Prime Minister ... We want to show them what we really do in the region and the sort of support we need from Canberra,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ Cr Hill said. ... supported with $3 million in State funding, would show the project was viable. ... Three things we want from Canberra.

 

Cr Hill said government support was critical for advancing plans for a battery manufacturing plant in Townsville proposed by Australian and US companies.

 

With the poor results for the Libs in Qld's super Saturday by elections (Longman) and the need for them to sweet talk the Queenslanders before the upcoming general elections, this project might get a favourable response from them - fits in with their "jobs n growth" theme and NAIF eligibility criteria.

 

Time will tell if they take the opportunity to back

[blacksheep]

Quarterly in - shows cash balance as at 30 June $1.5m with expected outflows this Quarter $1.5m = more capital required. Their focus is on a cornerstone investor coming to the party which, according to previous ann ->

Strategic investors - As a result, potential investors, both domestic and international, are now undertaking various forms of due diligence with a view to making an investment in Magnis. Cornerstone investments form part of this interest. Discussions are progressing well and the Company is aiming to be in a position to announce a definitive investment this quarter

. Hopefully that happens

 

From Quarterly

Funding

The cash position for the Company at 30 June 2018 was A$1.55M.

 

The Company is exploring opportunities presently for its funding alternatives to provide an adequate capital base

level for the future, as the Company continues its focus on the lithium-ion battery factory strategy (with the New

York Gigafactory scheduled for first production next year) including the responsibility for the end to end supply chain

in sourcing the raw materials and associated technologies for lithium-ion battery cells.

 

As per the announcement made to the ASX on 25 July 2018, potential investors, both domestic and international

are currently undertaking various forms of due diligence with a view to making an investment in Magnis.

Cornerstone investments form part of this interest and discussions are continuing and the Company is aiming to

be in a position to announce a definitive investment this quarter.

 

Haven't had time to read the rest ATM

[Amorga]

NY Best hosting Annual Fall Technology Conference on 27th September

 

https://www.ny-best.org/page/ny-best-annual...conference-2018

 

9:00 AM ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Featured Presentation ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Battery Technologies: the Past, Present and Future

 

Dr. M. Stanley Whittingham, Distinguished Professor, Binghamton University

 

 

10:45 AM ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Building a Battery Gigafactory: Roundtable Discussion

 

Shailesh Upreti, Co-Founder, Charge CCCV

David Ventola, Director of Business Development, Megtec Systems. Inc.

Anthony Scott, Senior Sales Engineer/Specialist, Siemens*

Jeff Cronk, President, C&D Assembly

[blacksheep]

Some information currently being processed under the Right to Information Act (RTI Act) can be viewed here once released although I don't expect any sensitive info - https://www.premiers.qld.gov.au/right-to-in...e-log/2018.aspx

 

RTIP187 19 July 2018

Documents held by the Premier and Minister for Trade relating to the Agreement executed by the Mayor of the City of Townsville with Imperium3 and witnessed by the Premier on or about 3 June 2018.

 

Time period / date range for request: 1 May 2018 to 15 June 2018. Currently being processed.

 

RTIP186 6 July 2018

Documents held by the Premier and Minister for Trade relating to any correspondence, diary notes or meeting minutes between the Premier, or any staff member of the Premier, and the following companies:

 

the Imperium3 consortium

Magnis Resources Limited

CV4 LLC

Boston Energy and Innovation

Siemens

Celgard

Probuild

Norman Young & Disney

Ausenco

WT Partnership

Eastman Kodak

C&D Assembly.

Time period / date range for request: 1 May 2018 to 8 June 2018. Currently being processed.

[blacksheep]

I see HC robbo24 posting up a tweet from ASX Hammer on MNS - wanting to give the impression ASX Hammer is a charting guru perhaps? https://twitter.com/ASX_HAMMER_TIME

 

Oh lordy - ASX Hammer is robbo24 who has become a midas man follower on MEI - must be down considerably on this one. Has been a holder of MOY fro some time - also a loser here. and

conglomerate gold hopeful WWI - another loser. Of course his biggest loss was KNL.

 

ASX Hammer = bagholder - lots of

 

Knock yourself out Hammer