Acquisitions7 May 2014 08:49
So,we are in discussions with 2 potential acquisitions,which ,by definition,must be "bolt ons" as they dont constitute a reverse takeover,to be funded by a combination of cash & new shares.
This is,of course,good news,but surely it would have been better to have made the announcements after confirmation of the signing of the 10 year supply deal,as this would have boosted our SP ,thereby making the cost of the acquisition involve the issuing of less shares.
Lets hope that the 10 year deal completes as ,in my opinion,that is likely to have a bigger impact on our bottom line & SP than the 2 acquisitions under consideration.