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MNS, MAGNIS RESOURCES LIMITED
nipper
post Posted: Sep 5 2019, 10:17 AM
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Posts: 6,048
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Movement at the station
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NAB on board, for project funding, including debt financing

-big ticket, ticking ESG boxes



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Sep 3 2019, 12:32 PM
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Note that the Qld Government are in Townsville this week - Palaszczuk's tweet ->

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Big day in #Townsville for the first sitting day of Regional @QueenslandParl1. We can’t wait to tell you about all the positive things happening here & the investments my govt is delivering. We’re not just building stadiums, new roads & pipelines,we’re building local jobs #qldpol

https://twitter.com/AnnastaciaMP/status/1168617937197883392

From MNS last Qtrly

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An initial draft version of the Feasibility Study has been submitted to the Queensland
Government in recent days but will be released in its final format to the Queensland
Government on or before 30 September 2019.


Perhaps there will be some sort of announcement during the course of the parliament sitting in Townsville re this project?

MNS could do with some good news - SP down to 15c
https://www.shortman.com.au/stock?q=mns

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 1 2019, 07:07 PM
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Posts: 6,217
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Any relationship to the MNS/Libcoin?? LIBCOIN Chairman, Rajan Duggal.

Australian company to make India a key manufacturing base
Libcoin, which acquired the assets of Avass, its people and customer contracts on August 27, will focus on providing fully integrated electric transport infrastructure globally, including India.
PTI | August 30, 2019, 22:40 IST
By Natasha Chaku

[quote]Melbourne: Newly-merged Australian company Libcoin Avass is planning to make India its key base by expanding its operations in the manufacture of buses, batteries and charging stations, top company officials said on Friday.

Libcoin, which acquired the assets of Avass, its people and customer contracts on August 27, will focus on providing fully integrated electric transport infrastructure globally, including India.

"The acquisition will greatly assist the trade relationship between Australia and India in line with the India Economic Strategy to 2035 Report recently released by Australian government," Muthuraj Guruswamy, CEO of the company, said.

It will also "help Libcoin to provide an integrated solution for batteries, electric vehicle manufacturing and charging stations," he said.

Guruswamy said that the company would now look at the opportunities of expanding operations to India, seeing India as one of its key bases to manufacture buses, batteries and charging stations, aligning closely with the "Make in India" policy.

Ricky Duggal, Chairman of Libcoin Avass,
said the new venture will globally assist in achieving emissions targets in line with the Paris Agreement.

Utilising the experience of Libcoin with rechargeable Lithium-ion battery technologies, Libcoin Avass will be offering sustainable, environmentally friendly transport options across both consumer and commercial ranges.

"Given the increasing consumer awareness of environmental protection and in view of recent development trends of the electric vehicle industry, Libcoin Avass is targeting the huge potential of the global electric vehicle market," Allen Saylav, Director of the company, said.[/quote]
https://auto.economictimes.indiatimes.com/n...g-base/70915786

Muthuraj Guruswamy, Australia general manager at Adani,


https://au.linkedin.com/in/dr-allen-saylav-18a8713a



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 21 2019, 10:25 PM
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In Reply To: blacksheep's post @ Jul 31 2019, 09:18 PM

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Haven't had time to read the Activities report but Cash Flow looks like it needs a top up in the not too distant future


ASX appear to have asked the same question - below is MNS's response

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Re: ASX 5B Query
We refer to your letter dated 19 August, 2019 in which you have requested a response to your queries.
Accordingly, we submit the following information in respect to each of your queries:

1. Magnis Energy Technologies Ltd (“the Company”) expects it will continue to have negative
operating cash flows in the near to medium term given the Company is involved with predevelopment stages of its lithium-ion battery manufacturing strategy and the Company’s predevelopment graphite based activities.

2. The Company mentioned in a Funding section on Page 7 of its Quarterly Activities Report released
to the ASX on 31 July 2019 and also via a note below Section 9 of its Appendix 5B Report released
on the same day, that the Magnis Board and Management team are currently in discussions
regarding fund raising for the Company to further develop its suite of projects. These discussions
involve both domestic and international investors, looking at either an equity, debt or hybrid
investment with the aim of making an investment and having exposure in Magnis. The Company
believes that an investment during this quarter will occur.


3. The Company believes that it is able to continue its current operations and meet its current
business objectives for the reasons outlined in Question 2. The Company has a history of securing
adequate funding including capital raisings and believes it will be successful in securing adequate
funding.

4. The Company is in current compliance with Listing Rule 3.1 and that there is no information about
its financial condition that should be given to the ASX in accordance with that Rule that has not
already been released to the market.



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: gumboots  
 
stocks
post Posted: Aug 9 2019, 09:16 AM
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In Reply To: blacksheep's post @ Jul 31 2019, 09:18 PM

I would say the top could be any day now, they should have done it long ago when they first come up with the story they was going to get finance in NY.

 
blacksheep
post Posted: Jul 31 2019, 09:18 PM
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Posts: 6,217
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Haven't had time to read the Activities report but Cash Flow looks like it needs a top up in the not too distant future

Cash in kitty @ 30/6/19 = $1.8m
Estimated Outflows 3Q2019 = $1.5m

https://www.shortman.com.au/stock?q=mns
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: gumboots  
 


blacksheep
post Posted: Jul 27 2019, 11:01 PM
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India to Get Tesla Type Gigafactories for EV Battery by 2020, Rs 6000 Crore to be Pumped
3 different Lithium-ion battery manufacturers are expected to set up facilities with a combined capacity of 10 gigawatt in Telangana soon, with an investment of Rs 1,500 crore in the first phase.
News18.comUpdated:July 26, 2019, 4:56 PM IST
extract
QUOTE
Three different Lithium-ion battery (Li-ion) manufacturers are expected to set up their facilities with a combined capacity of 10 gigawatt in Telangana soon, with an investment of Rs 1,500 crore in the first phase.

Director of Electronics, Telangana, Sujai Karampuri, withholding the names of the companies, said the construction of three different facilities is expected to begin in a month or two and production of the cells would begin between nine to 15 months after that. He also indicated that the initial production capacity would be ramped up from one gigawatt in the phase one to 10 gigawatt in the due course with a total investment of Rs 6000 crore.

"Right now they are in the pipeline. We will disclose the names in a matter of month or so. All the three companies put together, it is over Rs 1500 crore investment. The construction would probably start in a month or so. It takes typically nine months to 15 months to come up to the production stage. The combined capacity would approximate 10 gigawatts," he told reporters.

"First they'll start with one gigawatt in the first phase, then they go up to 5 gigawatts. There will be investing Rs 1500 crore in the first phase. But it would translate approximately Rs 6000 crore, total put together for all three phase," he said on the sidelines of 'Electric vehicle Summit-2019.'

The Telangana government had recently informed the NITI Aayog that it was capable of setting up a Giga-Scale Li-ion Battery Manufacturing Plant as envisioned by the Centre. Karampuri said the state government is developing a 200-acre park for EVs, which can further be developed to 800 acres in future.

Telangana Principal Secretary for IT and Industries Jayesh Ranjan said, the state government is implementing various measures and incentives for electric vehicles and related ecosystem under the State's EV Policy, though officially not launched.

On the other hand, state-run BHEL and Libcoin are in talks to form a consortium to initially build a 1GWh lithium-ion battery plant in India, the government has said. The plant's capacity will be scaled up to 30GWh in due course.

"BHEL will be sending a team of senior officers for study of the facilities, R&D infrastructure and other techno-commercial issues soon. Based upon the evaluation and recommendations of the team, further process towards formation of joint venture will be carried forward," the heavy industries and public enterprises ministry said in a statement.

"This project also includes 'Made by India, for India', with focus on core-cost components manufactured domestically. It will also create integrated manufacturing ecosystem resulting in self-reliance and lower cost," the statement issued by the Heavy Industries Ministry said
.

https://www.news18.com/news/auto/india-to-g...ed-2246801.html



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: Amorga  gumboots  
 
blacksheep
post Posted: Jul 27 2019, 04:06 PM
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Article in Townsville Bulletin - needs subscription to read but suggests Edify Energy may join Pure Minerals and Imperium3 at Lansdown - building a $400 mil 200MW solar farm - part of 10 projects short listed by Qld Government - http://epbcnotices.environment.gov.au/_ent...t=1561593600335

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BID TO LAND SOLAR FARM TO POWER JOBS FOR REGION
One of the biggest solar farms in Australia could soon be part of Townsville City Council’s Lansdown Industrial Precinct 40km west of the city.


QUOTE
Renewables 400 Shortlist
Shortlisted for the provision of binding bids for supply of renewable energy are:

ACCIONA Australia – MacIntyre Wind Farm at Stanthorpe (540MW, no storage)
Edify Energy – Majors Creek Solar Farm at Woodstock (200MW solar, storage capacity unknown)
First Solar Australia – Chinchilla Solar Farm (100MW solar, storage capacity unknown)
Goldwind Australia – Clarke Creek Wind Farm (between Rockhampton and Mackay – 800MW, storage capacity unknown)
Infigen Energy – Forsayth Integrated Facility (Wind – 65MW, storage capacity unknown)
Lyon Infrastructure Investment – Cape York Solar Storage at Lakeland (55MW solar, up to 20MW/80MWh battery storage)
Neoen Australia – Kaban Green Power Hub at Ravenshoe (Wind – 130MW, up to 100MW storage)
Pacific Hydro Australia Developments – Haughton Solar Farm near Townsville (100MW, storage capacity unknown)
Vena Energy – Collinsville North Solar (100MW, storage capacity unknown)
Windlab – Lakeland Wind Farm (100MW, no storage)
After the bids are submitted and reviewed, CleanCo will recommend projects to the Government; but that won’t happen until early next year.


http://statements.qld.gov.au/Statement/201...eanco-kicks-off

Map shows location - https://maps.dnrm.qld.gov.au/electricity-ge...on-map/#results



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: Amorga  gumboots  
 
stocks
post Posted: Jul 13 2019, 07:16 PM
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In Reply To: blacksheep's post @ Jul 13 2019, 11:35 AM

That post was to ONLY prove to Anne that I do post on other sites.

 
blacksheep
post Posted: Jul 13 2019, 11:35 AM
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In Reply To: stocks's post @ Jul 13 2019, 10:51 AM

QUOTE
Not sure why he comes here to ask the same question he asks on Topjocks - which could easily be answered by Anne/cabbie (or which ever other nic he uses these days) over there.

Don't think anyone here is interested in your battles with Anne/cabbie et al on Topjocks - best you keep it "inhouse" over there. Why clog up this sites' MNS thread with that rubbish?

Happy to read here any input you make on MNS



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: Amorga  gumboots  
 
 


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