They should have issued a separate announcement regarding this after the half year announcements.
I mentioned not long ago that it is lucky this is non-binding (as are most MoU's) for 3 reasons;
1. Where does export to China fit with its strategy, this is a 180% change again from the AGM in December 2016. Either of target markets for Lian He or Tian Mei could suck up the entire annual production of AHF in a day. So it needs to be very carefully considered in light of more pressing matters for the company.
2. My understanding was the fresh export licence was "relinquished" not so long ago so what product(s) they expect to be going through any proposed channel will need to have that revisited.
3. AHF have more pressing matter to address than off chasing these types of deals at this stage.
Having said that, if both of these could be placeholders for some more substantial and relevant agreements in 12 - 18 months time when AHF is in a position to be able to offer value and derive value from an arrangement with them they that's great but they aren't in a position to do so yet and attempting something now will end badly for shareholders. This isn't a hobby farm it is a listed company with a decent set of followers and it needs to get itself into a position to be able to satisfy and support those followers.
AHF Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)