If what I post is baseless - are you suggesting the market is just completely wrong about CANN?
Ask yourself this, let’s say, it’s true that to build an equivalent MC factory in Canada costs half what it does in Australia - isn’t that a concession that Australian MC businesses will never be able to compete on cost?
Genuine question. Why would anyone outside Australia buy off CANN when you have producers who can sell at a much lower price? (This is classic experience curve).
I personally don’t agree with the difference in cost in building the factory - Is wager a fairly significant amount was blown on the review into the planning for the Mildura factory that took place 18 months ago BUT IF what you say is true… the prospects of CANN would seem fairly ordinary
CAN Price at posting:
29.5¢ Sentiment: Sell Disclosure: Not Held
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