Funding Update: Magnis Resources Ltd.’s (ASX: MNS) stock surged 7.82% on August 16, 2018 after the company provided update on funding discussion relating to both MNS and Nachu Graphite Project. The investment decision is expected to be made by the end of the month regarding making a new investment in the company. Further, MNS has fielded interest from the potential joint venture partners for Nacho Project.
The company is making plans to visit sites in the current quarter with a minimum of two parties. Earlier there was significant progress made by Imperium3NewYork regarding the start-up activities for the New York Gigafactory project in which MNS holds 44%. Meanwhile, MNS stock has fallen 14.47% in three months as on August 15, 2018.
In last one year, the stock has fallen 20.7% and now seems to be on a recovery track.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
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