MNS - Magnis Energy Technologies

[System]

On September 25th, 2014, Uranex Limited (UNX) changed its name and ASX code to Magnis Resources Limited (MNS).

Previous discussion of Uranex Limited can be found in the UNX thread: https://www.aussiestockforums.com/forums/showthread.php?t=2954

 

[Funda-Struck]

2 x binding offtake agreements signed, 1 with sinosteel for 100,000 tons per year, 1 with SINOMA for 80,000 tons per year.

MOU with China Railway for development of the project for targeted project development this year. General manager of China Railway:
“We view the graphite that Nachu can produce as the best in the
world. With our vast experience in Tanzania and other Africa area, we look forward to working with Magnis Resources to construct the world’s most significant and profitable graphite mining operation.”

Currently in Trading Halt, pending Finance announcement. Should open considerably higher on Tuesday on the announcement, more than likely an MOU conditional on environmental approvals.

Good Luck all Holders!

 

[piggybank]

Friday's action I thought warranted me to update this thread. However, there wasn't any news released (4 to the market) that I thought warranted the 11% increase on the day.

​

It appears after a few weeks of consolidation it has taken another jump up and with the largest volume seen in 3 weeks. The histogram is on the up and it appears it may break above the 0 line. Volume in the past couple of months as grown larger so somebody(s) is interested in it!!

​

Please Note = To do your own research before you either purchase or sell stocks.

 

[piggybank]

A nice rise of 40% since my last post which showed a breakout from a consolidation phase. A statement released to the market on the 31st May was to say that Blue Ocean Equities had released an initial coverage research report on the MNS Nachu Graphite Project in South East Tanzania.

This report (and one done by Bell Potter the week previous) are available on the Magnis Resources website at www.magnis.com.au on the Home page under News & Reports then Broker Reports.

As anyone heard of Blue Ocean Equities? And if so do they have a good record of the research they do?

Regards
PB

 

[skyQuake]

A nice rise of 40% since my last post which showed a breakout from a consolidation phase. A statement released to the market on the 31st May was to say that Blue Ocean Equities had released an initial coverage research report on the MNS Nachu Graphite Project in South East Tanzania.

This report (and one done by Bell Potter the week previous) are available on the Magnis Resources website at www.magnis.com.au on the Home page under News & Reports then Broker Reports.

As anyone heard of Blue Ocean Equities? And if so do they have a good record of the research they do?

Regards
PB

The same analyst did the Lithium piece early this year. PLS cap raising was done by Blue Ocean too. They're definitely running very hot!

 

[greggles]

Magnis Resources announced this morning that it has reached an agreement with the Tanzanian Government to progress its Nachu Graphite Project.

Share price is up 20.24% to 50.5c so far today on the back of the news.

 

[Miner]

Magnis Resources announced this morning that it has reached an agreement with the Tanzanian Government to progress its Nachu Graphite Project.

Share price is up 20.24% to 50.5c so far today on the back of the news.

By the close of business the rise was only 10.74 % . good gain and good profit who sold out at 20% rise.
Was the hype sufficient to get this steroidal bump ? I personally will go one step forward and two step backward with any deals in Tanzania. Call me cynical but that country has a good history

 

[System]

On November 5th, 2018, Magnis Resources Limited changed its name to Magnis Energy Technologies Limited.

 

[rnr]

Probably worth keeping an eye on this share which is included in the Emerging Companies Index.

 

[uniden]

View attachment 92038

Probably worth keeping an eye on this share which is included in the Emerging Companies Index.

MNS Days are over.

 

[Ann]

MNS Days are over.

This is an interesting way bring attention to a stock uniden, welcome to the forum.

Probably worth keeping an eye on this share which is included in the Emerging Companies Index.

This looks like a very interesting stock rnr. It has a Lithium focus. Not just a miner but actually with an interest in producing LIB (manufacturing batteries). Reading the HYFR recently released it appears to be cashed up and proceeding with its business. (Not that I am very good at reading reports, so I may be wrong). This is a stock I am going to watch.
Technically speaking it has moved beyond its falling overhead resistance line coming from June 2016. It seems to have a base support of 27c to 28c coming from October 2018. The 200dsma is sliding down and may slip under the price. There is a slight rise in the Twiggs Money Flow, but it is still under 0%. Looking at the EquiVolume chart for a six month period there appears to be selling pressure between 32c and 37c but perhaps a good story, a buoyant stock market and rising lithium prices may well see it rise to greater heights without too much effort, perhaps!

This is a three year chart

 

[rnr]

This is an interesting way bring attention to a stock uniden, welcome to the forum.



This looks like a very interesting stock rnr. It has a Lithium focus. Not just a miner but actually with an interest in producing LIB (manufacturing batteries). Reading the HYFR recently released it appears to be cashed up and proceeding with its business. (Not that I am very good at reading reports, so I may be wrong). This is a stock I am going to watch.
Technically speaking it has moved beyond its falling overhead resistance line coming from June 2016. It seems to have a base support of 27c to 28c coming from October 2018. The 200dsma is sliding down and may slip under the price. There is a slight rise in the Twiggs Money Flow, but it is still under 0%. Looking at the EquiVolume chart for a six month period there appears to be selling pressure between 32c and 37c but perhaps a good story, a buoyant stock market and rising lithium prices may well see it rise to greater heights without too much effort, perhaps!

This is a three year chart

View attachment 92838

Hi Ann,

On the basis that MNS had reversed it's downward trend (bullish divergence) formed on Dec 21st & 24th and a flag had formed just above the 200 SMA was the reason why I thought it might be worth keeping an eye on any further progress.
It is interesting to note that bullish divergence has also formed again on the recent lows.

Cheers,
Rob

 

[Ann]

Magnis Energy Technologies’ consortium signs funding deal for US lithium-ion battery production

A battery development consortium part-owned by graphite company Magnis Energy Technologies (ASX: MNS) has signed a US$52 million (A$73 million) funding deal for the US-based production of lithium-ion batteries.


Imperium3 New York signed the term sheet via a pre-issued European bond used to fund renewable energy projects, with payments to consist of two stages.


The first payment of US$30 million (A$42 million) will be on completion of final documentation and checks by both parties, with the remaining amount to be issued 12 months after the first payment with no milestone attached.


The deal will allow Imperium3 to invest in the development of lithium-ion batteries at the world-class Huron Campus Gigafactory facility in New York, previously used by IBM to manufacture high-tech equipment. More..

 

[uniden]

###August 28, 2017MoU signed with future German lithium-ion gigafactory TerraE
November 15, 2017Lithium-ion Battery Binding Sales Agreement Signed for New York Gigafactory
December 1, 2017Graphite Sales Agreement Signed with Major European Group
January 30, 2018Strong Progress Achieved With Lithium-ion Gigafactory in Germany
June 26, 2019NACHU GRAPHITE PROJECT UPDATE
August 22, 2018C4V Delivers Lithium-ion Battery for Smart Grid Project
September 18, 2018Joint Development Agreement Signed with Electric Hypercar Manufacturer - Dendrobium
October 2, 2018Working Solid State Battery Produced and Unveiled at Battery Conference in New York
January 21, 2019BHEL and LIBCOIN plan to build India's first gigafactory
March 18, 2019US$52M Term Sheet Signed for New York Battery Plant
May 6, 2019Corporate Presentation : Benchmark Minerals World Tour, North America
May 15, 2019Batteries supplied to US based Martac
September27, 2019$8 Million in Funding Secured
October 1, 2019Townsville Battery Plant Feasibility Study Submitted
September 30, 2019New York Battery Plant Independent Valuation###

Not hard to see why the SP has been in free-fall for SO long.

 

[uniden]

###August 28, 2017MoU signed with future German lithium-ion gigafactory TerraE
November 15, 2017Lithium-ion Battery Binding Sales Agreement Signed for New York Gigafactory
December 1, 2017Graphite Sales Agreement Signed with Major European Group
January 30, 2018Strong Progress Achieved With Lithium-ion Gigafactory in Germany
June 26, 2019NACHU GRAPHITE PROJECT UPDATE
August 22, 2018C4V Delivers Lithium-ion Battery for Smart Grid Project
September 18, 2018Joint Development Agreement Signed with Electric Hypercar Manufacturer - Dendrobium
October 2, 2018Working Solid State Battery Produced and Unveiled at Battery Conference in New York
January 21, 2019BHEL and LIBCOIN plan to build India's first gigafactory
March 18, 2019US$52M Term Sheet Signed for New York Battery Plant
May 6, 2019Corporate Presentation : Benchmark Minerals World Tour, North America
May 15, 2019Batteries supplied to US based Martac
September27, 2019$8 Million in Funding Secured
October 1, 2019Townsville Battery Plant Feasibility Study Submitted
September 30, 2019New York Battery Plant Independent Valuation###

Not hard to see why the SP has been in free-fall for SO long.

Magnis Energy Technologies’ consortium signs funding deal for US lithium-ion battery production

A battery development consortium part-owned by graphite company Magnis Energy Technologies (ASX: MNS) has signed a US$52 million (A$73 million) funding deal for the US-based production of lithium-ion batteries.


Imperium3 New York signed the term sheet via a pre-issued European bond used to fund renewable energy projects, with payments to consist of two stages.


The first payment of US$30 million (A$42 million) will be on completion of final documentation and checks by both parties, with the remaining amount to be issued 12 months after the first payment with no milestone attached.


The deal will allow Imperium3 to invest in the development of lithium-ion batteries at the world-class Huron Campus Gigafactory facility in New York, previously used by IBM to manufacture high-tech equipment. More..

View attachment 93105

Magnis Energy Technologies’ consortium signs funding deal for US lithium-ion battery production

A battery development consortium part-owned by graphite company Magnis Energy Technologies (ASX: MNS) has signed a US$52 million (A$73 million) funding deal for the US-based production of lithium-ion batteries.


Imperium3 New York signed the term sheet via a pre-issued European bond used to fund renewable energy projects, with payments to consist of two stages.


The first payment of US$30 million (A$42 million) will be on completion of final documentation and checks by both parties, with the remaining amount to be issued 12 months after the first payment with no milestone attached.


The deal will allow Imperium3 to invest in the development of lithium-ion batteries at the world-class Huron Campus Gigafactory facility in New York, previously used by IBM to manufacture high-tech equipment. More..

View attachment 93105

###August 28, 2017MoU signed with future German lithium-ion gigafactory TerraE
November 15, 2017Lithium-ion Battery Binding Sales Agreement Signed for New York Gigafactory
December 1, 2017Graphite Sales Agreement Signed with Major European Group
January 30, 2018Strong Progress Achieved With Lithium-ion Gigafactory in Germany
June 26, 2019NACHU GRAPHITE PROJECT UPDATE
August 22, 2018C4V Delivers Lithium-ion Battery for Smart Grid Project
September 18, 2018Joint Development Agreement Signed with Electric Hypercar Manufacturer - Dendrobium
October 2, 2018Working Solid State Battery Produced and Unveiled at Battery Conference in New York
January 21, 2019BHEL and LIBCOIN plan to build India's first gigafactory
March 18, 2019US$52M Term Sheet Signed for New York Battery Plant
May 6, 2019Corporate Presentation : Benchmark Minerals World Tour, North America
May 15, 2019Batteries supplied to US based Martac
September27, 2019$8 Million in Funding Secured
October 1, 2019Townsville Battery Plant Feasibility Study Submitted
September 30, 2019New York Battery Plant Independent Valuation###

Not hard to see why the SP has been in free-fall for SO long.

SO Ann, what's your thoughts on the puppy now????.

 

[greggles]

MNS on fire so far in January. It ended 2019 at 8c and hit 20c today. Volume has been increasing every single trading day this month.

The only announcements in the last few weeks are one on 24 December that announced the resignation of The Hon. Warwick Smith AO as a Non-Executive Director of the Company and a Final Director's Interest Notice and an Initial Director's Interest Notice both on 2 January.

Does anyone have any idea as to what the catalyst might be for the big share price gains so far this month?

 

[Dona Ferentes]

you'd have to get an ASX Speeding Ticket for that!?

 

[greggles]

you'd have to get an ASX Speeding Ticket for that!?

Yes, you would think so but nothing has been announced as yet. Today's price action has a huge range and it is currently trading near its high for the day. Quite the mystery it would seem.

 

[fergee]

Does anyone have any idea as to what the catalyst might be for the big share price gains so far this month?

View attachment 99601

For some reason "buy the rumour, sell the news" popped straight into my head when I read this part your post greggles.

 

[greggles]

you'd have to get an ASX Speeding Ticket for that!?

Announced earlier:

I'm still a little confused as to why the reasons set out at point #3 could result in such dramatic share price gains. There must be some reason why all the buying started early this month.

I suspect we'll see a follow-up announcement in the coming days that will shed more light on recent events.