There's only room for one more cash injection by CFE. CFE can't go over a 20% holding without having to make a takeover offer. With the recent board change I believe MHL missed a good chance to indicate a change from business as usual. This will not have missed the attention of any potential JV partners. The longer this impression is allowed to exist the fewer the number of possibilities we will have to choose from, and we can only choose from what is on offer. There was genuine optimism with the prompt action taken after the predictable failure of the SOCA deal. For myself I was and am disapointed it has not been capitalised on before it started to fade away. Still the next 2 weeks will reveal the true picture. With regards to any Rights Issue, adding options sounds like a good idea, if the SP kicks along we'll be able to raise capital without doing an expensive CR. Cheers PS. some good posts here thanks to all for your sharing you thoughts.
MHL Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
