RIL needs to find feedstock to justify CM listing. What's CM got? Nothing as far as I know.
CM is an unlisted public company, so they don't have the same rules that govern an ASX-listed entity. CM can keep its costs down & doesn't have to abide by the same regulations as RIL. When an entity lists, certain criteria need to be met (minimum number of BOD members etc), costs increase & then you're under the thumb of ASX regulators. I's need to be dotted & T's need to be crossed. CM escapes that scrutiny for the moment. Since they have nothing, they're better off as an unlisted company.
CM won't impede on any RIL plans in the Nordics, it's the other way around. If RIL doesn't find any feedstock in the Nordics, then what's CM going to do?
The way I see it, both NMT & CM need RIL to be successful.
NMT needs RIL to prove its licencing business model works & to bring in royalties. CM needs RIL so they, themselves, can survive.
RIL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
