There is still a chance some news will come out next week or the week after. Ever since Biden announced the "Operation fly formula", they have been providing news with formula coming from different countries, once every 4-5 days, Bubs being the third annoucement from Australia. It is all political, dragging out the annoucement to make it looks like they are doing alot of work in the background to over this crisis. Perhaps, there will be one from NZ next week. But I agreed, it is no good the management has gone all quiet. Having said all that, we dont know the details of the deal with BUBs, whether the negotiation requires the Australian government to subsidize it or BUBS needs to sell it at a discounted price. The deal may not be all good if it is only a short term gain and more importantly A2 may not be able to spare 1Mil cans or divert them to US when they can sell it for full price in China. But it is a good promotion regardless and I am sure BUBs shares will jump tomorrow.
A2M Price at posting:
$4.32 Sentiment: Hold Disclosure: Held
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