According to the SM1 update today the SAMR is on track and new China label production is expected to begin in Q4 FY23.
There is no SAMR application underway through MVM. It's only planned in the future and they need to complete some expansions to the facilities first. I suspect the plan would then be to obtain additional SAMR slots for other new China label products (like an ultra premium range) whilst still utilising the Synlait-obtiained one as well for their main China label product.
Still means no real benefit to a SM1 takeover right now when SAMR reapproval is probably about to be obtained anyway. I'm not really much of an expert on the manufacturing / production side of things but it seems like way more involvement (and exposure) in manufacturing then they would need.
- Forums
- ASX - By Stock
- Media Updates
According to the SM1 update today the SAMR is on track and new...
-
-
- There are more pages in this discussion • 2,346 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.42 |
Change
-0.030(0.47%) |
Mkt cap ! $4.648B |
Open | High | Low | Value | Volume |
$6.50 | $6.52 | $6.41 | $5.011M | 777.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6632 | $6.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.44 | 300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6632 | 6.410 |
2 | 238 | 6.400 |
2 | 3466 | 6.390 |
5 | 37541 | 6.380 |
2 | 12519 | 6.370 |
Price($) | Vol. | No. |
---|---|---|
6.440 | 300 | 1 |
6.450 | 13430 | 2 |
6.460 | 10896 | 3 |
6.470 | 8430 | 2 |
6.480 | 7430 | 1 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
Featured News
A2M (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online