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MNS, MAGNIS RESOURCES LIMITED
blacksheep
post Posted: Yesterday, 01:22 PM
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In Reply To: nipper's post @ Yesterday, 12:48 PM

Thanks for that - confirms my thoughts. Researched the area when it was first announced a year or so ago, but I've no physical knowledge of the area other than topographical maps.

Cheers



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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
 
nipper
post Posted: Yesterday, 12:48 PM
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In Reply To: blacksheep's post @ Yesterday, 11:26 AM

was up that part of the world last year. Woodstock, and likely industrial estate with associated railway sidings etc, is in a rainshadow behind the Alligator Creek / Mount Elliott National Park. Townsville itself is considered one of the drier NQ cities, and the landscape becomes quite sparse quite quickly when moving inland on the Flinders Hwy

Yes, the Ross River dam is close - about 20 Km to the North - but it drains from the Great Dividing Range, essentially low to medium hills up to 400m high in this part of the world (and a raintrap). I got the sense that Woodstock was quite high and dry, though with any deep monsoon tough that stuck around for nearly two weeks, its evident the whole region took a pasting.



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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

Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Yesterday, 11:26 AM
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In Reply To: bg99's post @ Yesterday, 09:10 AM

From what I've read about the recent cyclone/floods, Woodstock residents were cut off by flooding roads and had supplies airlifted in. The main source of flooding in the Townsville area is the Ross River Dam - it sits north of Woodstock. The Ross River flows through various outlying areas, suburbs, city of Townsville and then into the ocean. During intense rain periods - such as cyclones - the flood gates have to be opened exacerbating the problem. You can read about it here - https://www.townsville.qld.gov.au/__data/as...1-Opt_Part1.pdf

Fortunately for IM3 they are able to take all these matters into account, since they are building the plant from scratch.



--------------------
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
 
bg99
post Posted: Yesterday, 09:10 AM
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In Reply To: blacksheep's post @ Mar 20 2019, 06:09 PM

Looks like a picture of a good flood-plain for cyclone season........ maybe the workers as well as the investors will be called gumboots !

 
blacksheep
post Posted: Mar 20 2019, 06:09 PM
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In Reply To: blacksheep's post @ Mar 20 2019, 06:06 PM

From the City of Townsville website - https://www.townsville.qld.gov.au/about-cou...-charging-ahead

Date published: 20 March 2019

QUOTE
Two Townsville-based firms have joined the project team to build the lithium-ion battery plant proposed for the city.

GHD and Douglas Partners are now engaged through the Imperium3 consortium to build the $2 billion battery plant, which would position Townsville as an international and national leader in advanced manufacturing.

Imperium3 has also established a local office in Townsville to coordinate phase 2 project activities and engage with local contractors.

Imperium3 is a consortium of Australian and international companies working together to build the lithium-ion battery plant.

Townsville Mayor Jenny Hill said the lithium-ion battery plant would charge the city’s economy for decades.

“This is a project that will create thousands of direct and indirect jobs for in Townsville and reinvigorate our city’s manufacturing industries,” Cr Hill said.

“The battery plant project continues to progress and the opening of Imperium3’s local office is a very important milestone.

“More locals are going to be working on this project to transition our city into an international and national leader in advanced manufacturing.”

Phase two works have commenced and include technical investigations into soils, water and other environmental matters. Other works being undertaken include planning for traffic and transport, construction and finance.

Imperium3 have met with Council staff for a pre-lodgement meeting in relation to the project’s development application.

Magnis Energy Technologies managing director Marc Vogts said the project was ramping up – from international partners to the local project team.

“It is great to see the plans of the Townsville battery plant taking shape and realising enthusiastic local support,” he said.

The Queensland Government’s Department of State Development has contributed more than $ 3million to a feasibility study for the project.

Imperium3 Townsville Director Mitchell Tolhurst said: “we’re excited to be progressing the bankable feasibility study for the 15GWh lithium-ion battery manufacturing facility which is a significant milestone to establish high-tech manufacturing in Australia, bringing much needed and highly anticipated jobs to the region.”

The $2 billion battery plant will manufacture next generation lithium-ion battery cells locally, while targeting rapidly emerging industries such as electric vehicles, home power storage and industrial-scale uses.




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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: Mar 20 2019, 06:06 PM
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Posts: 5,604
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Seems to be an article, including pic below, in today's Townsville Bulletin - $2BN BATTERY PLANT MOVING FORWARD
QUOTE
Townsville’s $2-billion dollar battery plant is getting closer with the company starting work on a development application and ploughing ahead with its feasibility study


Requires subscription to read the rest - I don't have unfortunately - https://www.townsvillebulletin.com.au/
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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: Mar 18 2019, 11:32 AM
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Interesting - "European bond used to fund renewable energy projects."

QUOTE
US$52 Million Term Sheet Signed for New York Battery Plant
• Project financing of US$52 Million at 5.35%pa for the term of the loan
• 13 year term with interest only repayments for first 3 years
• Magnis has an effective 47% ownership in Imperium3 New York
• Project financing expected to close with funds to be received within 50 days
• Funds will allow for the production of Lithium-ion battery cells from Huron
Campus in New York

Magnis Energy Technologies Limited (“Magnis” or the “Company”) is pleased to announce that
Imperium3 New York has signed a Term Sheet for US$52 Million in funding, via a pre-issued European
bond used to fund renewable energy projects.



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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: Mar 4 2019, 11:47 AM
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Although probably not on MNS official business - noticed MNS Director and Executive Chairman of AL Capital which has recently invested $11.1 million into Magnis - Warwick Smith - is a speaker at this year's AFR Business Summit which commences tomorrow - https://afrsummit.com/speakers-2019
QUOTE
DAY 2: Wednesday, 6 March 2019
Panel: The election outlook
Phillip Coorey, Political editor, AFR
Warwick Smith, Company Director
Craig Emerson, Distinguished Fellow, Australian National University
Jennifer Hewett, Senior national affairs columnist, AFR




--------------------
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: Feb 27 2019, 01:57 PM
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Germans still dithering on developing their own GF - too much talk - not enough action. Meanwhile the Chinese are putting their money where their mouth is.
Running On Empty
Germany Lags Behind Asia in E-Car Battery Race

QUOTE
The Chinese conglomerate CATL wants to build Europe's largest electric car battery plant near Erfurt, Germany. Having failed to build a gigafactory of their own, German carmakers are worried the project represents a mortal threat.


extract - read more - http://www.spiegel.de/international/busine...-a-1254183.html
QUOTE
Plans to Catch Up

The German market's lack of battery production isn't just worrying for car company executives. Politicians are also concerned. Federal Economics Minister Peter Altmaier, a member of the CDU, has specifically made an expansion of battery manufacturing a goal of his new industrial policy offensive. Altmaier would like consortia to be created and has set aside 1 billion euros for addressing the issue.

He would also like to see trade associations emerge on a European level. EU Commissioner Marošs Sefcovic has concluded that 20 gigafactories are needed to strongly counteract Asian dominance. French President Emmanuel Macron announced on Wednesday that, in the coming five years, 700 million euros would be invested in the construction of two battery factories. One of them is to be built in Germany. "We need a European wake-up call," Macron said.

So far, plans by German consortia have been considerably more modest. Battery-maker BMZ, based near Frankfurt, and Aachen-based scientist Günther Schuh plan on building a factory with a tiny capacity of 1 gigawatt hour by 2024, possibly in North Rhine-Westphalia, but that's yet to be decided.




--------------------
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: Feb 25 2019, 12:14 PM
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Director Resignation
QUOTE
Magnis Energy Technologies Limited (“Magnis” or the “Company”) (ASX: MNS) announces
that Dr. Ulrich Bez has resigned from the Board of Directors. His resignation was submitted
and accepted by the Board and is effective 28 February 2019. The Board would like to thank
Ulrich for his services to the Company and wish him every success in his future endeavours.

The Board expects to make an announcement in the near future regarding an appointment.


and disposed 220k shares on 19 & 21 February 2019 for $64,590 via On-market trade - before his resignation took effect - could have waited until after 28/2/2019 and he would not have been required to tell the world. Wonder what's prompted this?.
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  
 
 


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