Joe Ganim said that the Axiom and Honeycombe deals are both definitely no longer on the agenda.
Eumundi are actively looking for another company that has the drive to develope their assets and take the company to the next level. Their aim is to double in size over the next 12 months.
Both Axion and Honeycombe tried to get Eumundi's assets for near or below net worth, which is not in the interests of the shareholders.
With net asset value of 32.3c per share and positive earnings of 3c per share Eumundi is perfectly placed to expand. All we need is the right company to come along.
EBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held