Realistically its only a matter of time...before Bunge takes out Merit and BU position in the plant because it WILL be a producing plant of high quality plant protein.
Question1 is when! Common sense would suggest that Bunge have to be aware of what the they have in terms of product quality and future demand...so why would they wait until phase 2 and 3 are underway?
Question 2 is : Not knowing the sale price of product (though if we are to beleive the pathetically small ammount of information we have received that the product is best in class) it would be nice to see the various analysts following the company to provide a what if scenario analysis on what the facility sale price (by Merit and BU to Bunge) would be at phase 1 fully capacity output, if they waited until phase 2 competion and again at maximum phase 3 production.
If there are any smart minds still reading this mostly useless blog site out there, would anyone have a guess?