Ann: Acquisition of Black Rubber, page-3

It is dilutive to holders, but allegedly immediately accretive, so my guess is the vast majority of shareholders will approve this acquisition.

Of the mainland states, Black Rubber lacks a footprint in Victoria and South Australia, but NTD has a large nationwide distribution network so this may address any geographic issues.

The release speaks of 'excess production capacity' so that gives the opportunity for growth if the economy eventually expands, though rising interest rates may be a short to medium term headwind.

Vital that Australia doesn't give in to the virtue signalling Europeans and British at the COP26 wokefest as a strong mining sector, whether in iron ore or coal, benefits companies like NTD and by extension this new proposed subsidiary.