This is a very positive announcement and besides the obvious benefit in commercialising XT clave with very profitable large sales, there is also now the possibility of it becoming a takeover target from one of its overseas partners - this is something that might be greeted with open arms by Management at the right price as it's important to recognise that both the controlling shareholder/Chairman and CEO are both aged around 64/65 years.
XTE Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held