MBL are cashed up at present and we know that they like GRD very much.
MBL are also looking to expand into Europe/UK in the near future. This, they have said in the past day or two.
GRD (particularly Global Renewables) will be a vehicle for them to make a push into the green sector in Europe.
It all makes complete sense to me for a MBL takeover but I am completely biased as I have been waiting for this to occur for some time.
I will be dissappointed if it is not MBL, and perhaps its not because one would think maybe there would already be rumours out there. But nothing in AFR or alike.
GRD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
