Well good news indeed, lets just hope the orders are of a decent size as this will surely lift the co back into profit.
The financials are not too good. US continues to cost but at least is structured as being funded as a 'provision for profit drawing'. This must be a sizeable total by now so if it does get paid back (per the notes), it will wipe out a high portion of debt which is costing the co plenty at present.
Here's hoping the 'major project' does come to fruition in the immediate future.
The next 6 months will I my opinion let us know what the future looks like... we will start to understand the size of the shampoo etc orders and what it looks like to the bottom line.... more importantly is the US news and what this 'major project' looks like..... if we can start to see the 'prov profit' returned and debt smashed, we will start to see the beginnings of a solid sustainable business that can really start to grow and retune us to a decent SP.....
MUT Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
