Take over target? take over for what, making losses? MB is trying to enter China and India? I don't know about China but no one knows MB in India and if her celebrity status is not pulling Australian customers why ppl of China and India will get attracted, for them it will be a just another product from Australia and a very expensive one(Chinese and Indian markets are already flooded with NZ and Aussi products)
If someone thinks that this company will turn around quickly than they are just fooling themselves, as per presentation nutritional product and powders trial will be conducted in H12020 no info on product launch dates is presented. As per current state of things LON will require 2 capital raise till that time and product launch will require third capital raise. If we are lucky 3rd raise will come at 5 cents. As I see it, we have to wait around 1.5 years before LON will be in a position to launch any powder this is only 7.5min more as per BW. All IMO
LON Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
