skiver, love your posts, but I think that's a little wishful thinking on your part. I'd be surprised to close above 30c today.
I wouldn't be surprised if we closed at something more like 28c.
It's good news, but so much is still unknown. We've known for the last 12 months MBE is interested in international expansion. Only know they have a little more money to help with that - but will it? Will the Australian success easily translate to success in the USA/Asia? These are big ifs.
There has been nothing new said - apart from the fact that they raised some cash to help with expansion.
So yes, it's not bad, but it's not great. Not exactly earth shattering stuff.
MBE Price at posting:
27.5¢ Sentiment: ST Buy Disclosure: Held