Yusufm, the only thing going for these guys is the Coal Briquetting Project, which at this stage is small, but good thing is its making a profit. So if they can expand it,more profits can be made. At this stage I do not see any stimulus from them maybe in the coming year when they get to start new sites or get new agreements with the parties they are engaging with at the moment.
Ok guys, I've been quite frustrated with MRI this week, that I decided to phone CVN.
What I found interesting and kept me positive is that CVN has in fact not bought into MRI yet.
In the October SENs announcement which was very detailed, I was pointed out that CVN shareholders still need to approve the acquisition at 10c.
This means that 30.02% of MRI has not yet been bought at 10c!
A circular is being posted to CVN shareholders on the 12th, now delayed to 15th December for notice of the vote in January. And if CVN shareholders approve the acquisition, then CVN will be doing a share swap that values MRI at 10cps.
it was a lot to take in, but I do feel a bit relieved that influence by a bigger brother company can still take root.