I hope you are right about production line but according to earlier asx releases the reinvestment of rent was to improve dorm facilities and that soco installed the production line. Also in the half yearly accounts there was no alterations to the plant and equipment balance sheet item which would have been necessary had they funded the new production line.
Curious that management would have advised you differently but I guess it is just another one of those idiosyncracies associated with vmt.
In any case, no sweat and it would only add to my optimism. I hope your source is correct.
Did your source mention whether there will be a repurposing of the pre-existing production line to other locations?
Btw, one other reason for further hope......tune into the relaunch of greenmo.nl tuesday week (oz time). I hope that the strategic investment by rabo bank into greenmo will result in a quantum lift in their ambition.
Thanks for your post and if you can clarify any further that would be great.
Cheers
VMT Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
