YES - you read that correctly, more than double cash to market cap at last traded price but this is not a shell. PLUS MBT owns debt free 20% stake in a 250,000 tpa biodiesel refinery with the worlds largest palm oil Plantation company and a US energy company.
- MBT stake in the venture is valued at 30c per share
- added to cash total tangible assets of 40c per share are TEN TIMES last traded price
- expected to generate substantial free cash flow for MBT next financial year onwards
MBT having completed this company transforming deal has freed themselves from previous $20m of debt and plant initiation issues and is now seeking new opportunities for their cash whilst retaining an ongoing significant stake in an attractive business which will not require further investment from them.
