RE:Merger or buyoutmore money in the bank makes them a much more attractive target to be taken out. i have said many times before this will happen at some point shortly in my opinion.
it is not surprising to me that this company missed the date that Mr. St-Louis suggested in his Midas interview to happen in May for their up-listing to the TSX. They do great work but have been slow to move on everything. I actually think they have been distracted lately by trying to get the company sold and that is why they have been no international deals done, no announcement that their recent 250,000 square foot expansion is done, no announcement that they have broken ground on their new 1,000,000 square foot expansion has broken ground and no TSX listing finalized.
They were more focused on growing the bank account and gettting the company sold. i doubt shareholders will be upset as long as the company is sold. if it is not sold then I would be dissappointed on the lack of progress on all the other opportunities in front of them being delayed or missed.
soon they will have $300 - $400,000,000 in the bank, a huge supply deal done and a company worth under $1 Billion market cap. sounds like a takeout target to me.