MNS - Magnis Energy Technologies

[uniden]

''work experience guy.''

When it comes to Oil/Gas mining I AM your man.

 

[Dona Ferentes]

Lithium-ion battery company Magnis Energy Technologies (ASX:MNS) has doubled to 32 cents per share since its mid-January low as the firm announced Monday it had raised $34m in a heavily-oversubscribed capital raising. The funds raised from institutional and sophisticated investors will be used to fast-track its iM3NY lithium-ion battery manufacturing plant in the US state of New York.

“Stronger investor appetite for clean energy technologies was evident through the overwhelming demand for this raise,” chairman, Frank Poullas, said.

The plant will be one of the largest lithium-ion cell manufacturers in the United States and is to begin production later this year.
“We have been working hard to achieve this funding for our New York project and to become a significant global producer of lithium-ion batteries,” said Poullas.


Evolution Capital Advisors was the lead manager for the company’s capital raising that was priced at 28 cents per share, and because of its size the placement was split into two tranches. Each share will have an attached option with a strike price of 50 cents per share with a two-year expiry date.

The company has also sourced a range of debt and equity opportunities to secure project financing for the New York battery plant with finalisation anticipated by the end of March.

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Separately, Magnis Energy’s business partner Charge C4V has been selected to supply its CCCV (C4V) lithium-ion battery to the US government’s Department of Energy. C4V has found ways to build a lithium-ion battery that reduces use of potentially toxic materials such as cadmium and heavy metals, and leads to less pollution.

“For example, it appears that comparable batteries can use nearly double the amount of copper used in the C4V battery and copper refining is ofter a primary driver in particulate emissions in battery manufacturing,” said consultancy Abt Associates which assessed the impact of C4V’s battery production.

The US Department of Energy is developing a solar-powered hybrid system for grid stabilisation in a project led by Binghamton University and includes the New York Power Authority.

“C4V is a leading lithium-ion battery technology company and has developed a long cycle life battery technology that could be a perfect match for renewable energy integration,” Binghamton University associate professor at the Department of Electrical and Computer Engineering, Dr Ziang Zhang, said.

Magnis Energy has a 10 per cent shareholding in C4V and its grid stabilisation project will enhance grid stability through the coordination of multiple solar plants including battery storage units from C4V. The framework will be demonstrated in a 1-megawatt hybrid solar power plant controlled by grid-forming inverters at Brookhaven National Laboratory.

“We are very excited to be selected in another US government project and being the sole partner providing cutting edge lithium-ion battery technology immensely favourable to renewable energy adoption,” Charge CCCV president, Shailesh Upreti, said.

New York’s Clean Energy Standard was revised in 2019 to require 100 per cent carbon-free electricity in the US state by 2040, when 29 per cent came from renewable sources in 2018.

Magnis Energy and EcoGraf ride wave of lithium-ion investor interest - Stockhead

Lithium-ion battery company Magnis Energy Technologies (ASX:MNS) has doubled to 32 cents per share as it raises $34m in a large capital raising.

stockhead.com.au

 

[uniden]

How many times have they posted that before????????????????????.

 

[uniden]

The plant will be one of the largest lithium-ion cell manufacturers in the United States and is to begin production later this year.
“We have been working hard to achieve this funding for our New York project and to become a significant global producer of lithium-ion batteries,” said Poullas.

Same old same old, we have read that HOW many times now.

 

[uniden]

Just for you Dona.

Hey Trommel,

1) Tesla Nevada
2) Tesla California (10GWh)
3) LG Michigan (5GWh in 2019, has been scaling towards 20GWh since)
4) SK Innovation Georgia Plant #1 (11GWh) Plans to be Operational Dec 2021

I strongly recommend all newbies to please DYOR and only refer to trusted sources of information such as Benchmark Minerals Intelligence or Roskill etc.

There is an alarming number of RED FLAGS from people pumping this stock on Facebook & Twitter. Someone has even setup a copy cat page on twitter and pretending to be Magnis Energy (Major Red Flag Pump).

 

[uniden]

When you see 1,000,000 shares traded in house you can bet your last $ its what we called washing the shares.

 

[Sean K]

This battery maker looks interesting. Been watching for a while and looks to be breaking up, potentially out, again. Not sure if it's just running on RE vibe or whether there's any fundamentals for the long term.

 

[uniden]

Monday will be interesting, wonder what the story will be as to what has gone wrong with the giga funding this time, I am still waiting to read about the 50 mill funding that was in the bag 17March two years ago.
Must be about time for some to quit again, strange that any one would quit when we read about how giga this company is going to be.

 

[uniden]

You can read this dog like a book, bet the big family's holders must now wonder why they got involved.

 

[Sean K]

You can read this dog like a book, bet the big family's holders must now wonder why they got involved.

LOL, started well yesterday but then people must have read the interest rate on the loan. 12.5%.... Maybe that's average for this type of deal but on the surface of it, that's quite high compared to the cash rate.

 

[uniden]

This dogs days are well and truly over, at long last the punters have woken up, do feel sorry for the family's that was sucked in to this dog big time

 

[Sean K]

This dogs days are well and truly over, at long last the punters have woken up, do feel sorry for the family's that was sucked in to this dog big time

Not sure about that. I have no idea of the fundamentals on these things, they all seem to be running on sentiment to me. Tech wise just meeting some support so odds are it bounces around here for a bit.

 

[uniden]

This has been bouncing around for a very long time, it even went to over the $1 mark long ago on nothing, look at what going on now, they are pushing out loads of feel good news reports and the SP is going down, now what's that telling you.
Sure looks to me like the holders have woken up to this lot.

 

[uniden]

How good it must be for the long term holders to see Frank buying again.

 

[uniden]

Interesting to see how the back slappers over the road are raving on this morning over a old reagitated feel good release.

 

[Sean K]

Interesting to see how the back slappers over the road are raving on this morning over a old reagitated feel good release.

So, this is the battery they're making in NY? What's it power? A kettle? Why is this so good?

 

[uniden]

LOL, So the GIGA factory in NY is up and running, how come the SP is not $5?????, the ramp master, and his family team, had this dogs SP at GIGA $$$$$$ once the factory was on line, WOW look at the GIGA trades today, this dog going to be lucky to hold 25cents at this rate.

 

[Sean K]

LOL, So the GIGA factory in NY is up and running, how come the SP is not $5?????, the ramp master, and his family team, had this dogs SP at GIGA $$$$$$ once the factory was on line, WOW look at the GIGA trades today, this dog going to be lucky to hold 25cents at this rate.

I love your confidence in the management of this company. Inspiring.

So, any idea what that little battery actually does power, and for how long? Maybe a kettle and a toaster, for breakfast?

 

[uniden]

Not long ago the ramp master had them powering a submarine, BUT just last week I see they could be powering the moon buggy's, Mate there is no stopping this dog when it comes to dreams.

 

[uniden]

25cents on its way?????????.