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MNS, MAGNIS RESOURCES LIMITED
stocks
post Posted: Dec 5 2019, 06:35 PM
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In Reply To: blacksheep's post @ Dec 5 2019, 01:28 PM

Its a good thing you have this on your watch list only, how would you feel if you have been holding all the way down from 70cents.

 
blacksheep
post Posted: Dec 5 2019, 01:28 PM
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In Reply To: stocks's post @ Dec 5 2019, 01:13 PM

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if it was as crash hot as some believe they would have been a lot closer to finance


Cart before the horse once again - clear you don't understand the process. I've explained it to you a number of times - don't propose to do so again - wasted time. Probably get a better understanding talking to a brick wall. Round and round in circles we go.

What you said was first was

QUOTE
IF!!!!! MNS was half as good as the rampers believe it to be you WOULD have finance company's kicking in the door for a chunk of MNS,


What I then provided was confirmation that AL had taken "a chunk" - a 4.98% equity holding in MNS @ 37c



--------------------
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: Dec 5 2019, 01:13 PM
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In Reply To: blacksheep's post @ Dec 5 2019, 12:44 PM

### We know MNS isn't fully funded ###

I all so have been saying that, if it was as crash hot as some believe they would have been a lot closer to finance to day than the pay day loans that are keeping to lights on now.

###You posts lack SUBSTANCE### you must admit that my calls on what this puppy's SP was going to be is RIGHT ON THE MONEY.




 
blacksheep
post Posted: Dec 5 2019, 12:44 PM
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In Reply To: stocks's post @ Dec 5 2019, 12:13 PM

Isn't that what I said? You really need to read more carefully. All you are doing is raising questions, when proven wrong, you raise another, when that one's proven wrong you come back full circle - repeat.....repeat....repeat - parrot....parrot...parrot. You posts lack SUBSTANCE. We know MNS isn't fully funded currently

QUOTE
Not a total finance package, but then this investment was made in 09/18 prior to MNS's Townsville Feasibility Study being released in 10/19 - so they've committed a fair chunk in the early stages without knowledge of what was in the FS. At the time they indicated they would be a "committed partner to Magnis and helping drive the Company’s growth strategy"


Do you really expect AL, or anyone else, to stump up whatever it will cost for the first stage of IMP3TSV - hundreds of millions of dollars - without a feasibility study, without planning/development approval in place?? Get real. We've come full circle once again in this discussion again - you're just wasting time

There are plenty of stocks out there you might want to discuss/invest in if MNS is not your cup of tea. I don't hold shares in MNS, but it is on my watchlist



--------------------
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: Dec 5 2019, 12:13 PM
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In Reply To: gumboots's post @ Dec 5 2019, 12:07 PM

###AL Capital to invest $11.1m at $0.37 per share for a 4.98% equity holding in Magnis###




$11.1Mill, how much do the need to get Townville up and running??? $11.1 Mill wont by smokeo for the builders.




 
gumboots
post Posted: Dec 5 2019, 12:07 PM
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In Reply To: blacksheep's post @ Dec 5 2019, 10:53 AM

correct B/Sheep...

at the AGM, Warwick Smith (AL's dude) repeated that AL have the full support of the BOARD and the strategy moving forward.... below were some notes from Papillions


SHQ of Director Smith.At a point hereabouts a SH asked Director Smith about Aqualand’s investment intentions, specifically asking whether they’d consider increasing their position, given their access to capital, perhaps even in some direct project funding capacity. Things were getting towards the back end of a pretty chatty morning by now, and I can’t recall exactly the context. But the SHQ also made reference – or had secondary reference made to by someone else – the departure during the past year of Director Ulrich (and others). The query was along the lines of presenting their ‘lack of remaining faith’ in the company, wondering out loud why they’d reached that position, and probing Director Smith’s/AL’s current thinking in comparison to that.




Director Smith’s considered and minimalist reply was a ripper (again I stress thatthis is only a paraphraseso please do not regard this as verbatim), to the effect that the nature and size of the capital requirements of projects like Townsville ‘may seem large’, but the changing nature of the marketplace in this space meant that ‘the capital is there. It may not be as easy or as fast to come by as some SH may like, but the capital is there’. As for the departure of other Directors mentioned, Smith noted that naturally it wouldn’t be proper for him comment specifically, particular since these events were before his time, but ‘clearly they’d each come to hold a view about the prospects of the company and its strategy that compelled them to depart.’ He added that ‘Such is not a view which I or AL share at this point.’





CommentAgain, a paraphrase only (apologies to Smith if I’ve misrepresented it). That’s as I recall his response, and it's why I clapped it, too. Plenty of other SH’s joined me, it having really struck a chord, not just in content but in its measured, understated but unambiguous style.In my view it was a very disciplined but powerful leadership response from a Director with a fair bit of experience and understanding of how great big chunks of investment money function, move around, land. It doesn’t necessarily mean anything in terms of imminent capital injections or funding deals, but it was absolutely - in my mind - an affirmation of what really counts in your Board in these moments: real skin in the game, and a prospect, at least, of more remaining open to being added.


IMO Magnis Energy Technologies is anything but stalled in the doldrums, even if its share price might currently be.


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blacksheep
post Posted: Dec 5 2019, 10:53 AM
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In Reply To: stocks's post @ Dec 5 2019, 10:22 AM

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Blacksheep, you are correct, its ALL hanging on Finance, but so far no one wants to get in to bed with MNS


I thought you said you read all of MNS's announcements - perhaps you missed this one?

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AL Capital to invest $11.1m at $0.37 per share for a 4.98% equity holding in Magnis

Placement made at 4% premium to the 15 Day VWAP of $0.356


Not a total finance package, but then this investment was made in 09/18 prior to MNS's Townsville Feasibility Study being released in 10/19 - so they've committed a fair chunk in the early stages without knowledge of what was in the FS. At the time they indicated they would be a "committed partner to Magnis and helping drive the Company’s growth strategy"



--------------------
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: Dec 5 2019, 10:22 AM
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In Reply To: blacksheep's post @ Dec 5 2019, 09:40 AM

Blacksheep, you are correct, its ALL hanging on Finance, but so far no one wants to get in to bed with MNS.

IF!!!!! MNS was half as good as the rampers believe it to be you WOULD have finance company's kicking in the door for a chunk of MNS, just look at the last lot of finance they got, man that's pay day lenders rates, now if the GIGA company was any good they would not need to go to pay day lenders to keep the lights on.




 
blacksheep
post Posted: Dec 5 2019, 09:40 AM
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In Reply To: stocks's post @ Dec 4 2019, 09:53 PM

Maybe you need to read and understand the various processes/stages a mining company needs to go through, and the length of time each process takes.

Your suggestion MNS has not achieved anything in three years is therefore ridiculous - they have taken their projects through a number of these processes. Whether or not they achieve the final desired outcome is yet to be seen. That's why the SP is where it is. The market is waiting for confirmation they are able to progress to the next level - FUNDING - in a difficult climate. Your inability to understand this simple concept is astounding.

Are you seriously suggesting any company could get a project up and running/producing with cash flowing through it's coffers in 3 years. In the case of MNS's graphite project the Tanzanian government threw a hand grenade into many a miners ambitions in that country - it delayed progress on those projects by circa 18 months.

QUOTE
What studies have to be undertaken for a new mining project?
There are a number of studies that miners must complete before they can get their project off the ground and these can be considered as the major milestones that companies need to achieve to demonstrate the progress being made. Share prices are particularly sensitive to these studies as each one de-risks the project. Here are some of the major studies (not necessarily in order) that miners must complete to progress their project to the construction stage:

Desktop or conceptual studies.
This is one of the first studies undertaken. These studies are based around benchmark and industry data, as well as any historic information that has been collected about the site.
Environmental and social impact assessments. These are used to outline how a project would impact the local community and the environment, including items like the effect on local employment and how the area will be reclaimed once the mine has been exhausted. These are integral to gaining government and community support for a mine.

Scoping studies.
These studies outline the different options (usually three or four) that could be considered for the project to try and identify the optimum operational plan to get the most out of the mine and the chances of success. Ultimately, these studies must prove that further work on the site is warranted.

Preliminary economic assessment.
This is the first snapshot of the economic potential of a project, estimating the financial outcome for the different operational plans that are being considered and proving there is a profitable and viable option among them.

Pre-feasibility study.
The pre-feasibility study is one of three studies that can be considered the most important for a company looking to open a new mine. The pre-feasibility study will only use measured or indicated mineral resources and collects all of the work done so far to outline all the elements for each proposed plan. These include how the mine and plants will be designed, the rate of production, recovery rates, what labour is needed as well as operational and capital expenditure projections.

Feasibility study.
This is a more detailed and accurate version of the pre-feasibility study, which narrows the options being considered into the proposal that the company will take forward, defining the route that the company has opted for. Miners start to seriously consider the financial requirements for the project and start preparing where it will source the necessary funding before moving on to the next and most important study.

Definitive/bankable feasibility study.
This is what all the previous studies build up to. This is the final and most detailed version of the feasibility studies and is regarded as accurate enough to take forward. This is the key document for any miner that does not already have the funds needed to develop the project, as lenders base their decisions on this study more than anything else. This will also include other elements such as any commercial agreements (like offtakes) that have been signed.

Once a mining company has identified a site to set up an operation, the lifecycle of the mine begins


Projects mining asset life cycle - page 26 & 27 https://assets.kpmg/content/dam/kpmg/pdf/20...er-value-v3.pdf
Expansion
1-2 years

Exploration
2-10 years

Evaluation
3-6 years

Development
1-3 years

Production
10-50 years

Closure
1-10 years



--------------------
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  
 
gumboots
post Posted: Dec 5 2019, 06:23 AM
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In Reply To: blacksheep's post @ Dec 4 2019, 07:40 PM

it pilots ur talking about...99.9999999999999% is dumb wacko.gif

 
 


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