RE: Prem21 Feb 2020 09:21
i'd rather we had an EGM and RTO of the rest of MNH in all honesty.
Their production rate of 10,000 tons per month equates to turnover of around $20m with expansion plans to take that to around $55m by end of 2020 and $80m by end 2021.
They are already in profit and obviously maximising scale of production lowers overall operating costs per ton producing more profit.
Reverse Takeover of MNH is in the best interests of everyone because then the market sees revenue and we'd re-rate further despite dilution.