Sweet. SP should now bounce on profit confirmation. Really, with the major feed mill capex this year and opportunity to expense or capitalise large chunks of spending, RIC could declare whatever profit it wished.
CEO Tim Hart had a good six year run and leaves the business in good shape. A new CEO's first act is usually to write the legacy goodwill of the previous incumbent out of the accounts. RIC has $68m in goodwill that could come out. Acting CEO John Lord may get to this first.
Whoever is appointed has a big task commercialising, globalising Novacq. Holders are watching with delicious anticipation.
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