MRG 0.00% 24.5¢ murray river organics group limited

MRG - TA Thread, page-11

  1. 10,673 Posts.
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    Sounds like a stock that needs to be judged fairly at the farm gate, with some understanding of how its going.

    Just looking at the reports, its hard to judge as they already have production and sales, but that is offset by the debt load. So either if Production or sales $$ per ton prices rise or fall, it would take someone with more farming knowledge to judge.

    I was into this stock a while ago when I was with Equity Story, and they were singing its praises, I traded it on the chart shape at the time but took my profit. But the SP has slipped a long way since then, it seems good value, but if revenue and costs are about the same, Id need to know more about their costs per year vs their revenues per year etc, to make judgement if its value at this price or not.
 
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Currently unlisted public company.

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