MRG murray river organics group limited

Ann: MRG reaches agreement with NAB, page-6

  1. 23 Posts.
    lightbulb Created with Sketch. 1

    The first point you made there basically suggests they're insolvent. If that was the case, NAB would be calling liquidators, not handing out cash. Would have liked to been a fly on the wall in that meeting though.

    Would like more info on Nangiloc regarding irrigation. They've sewn 32Ha of the 2300 and they are targeting 0.7-1.0 tonnes of seed per hectare which seems reasonably conservative, but obviously depends on water. NSW DPI guidance for industrial hemp needs (without rainfall) around 3-6mL per hectare. MRG were paying skywards $960/mL last time I read. A crop without irrigation but some rainfall (about Mildura's avg.) could yield about half a ton per hectare according to some back of the envelope maths. I wonder how Althea (ASX:AGH) is going? They're up that way somewhere...

 
Add to My Watchlist
What is My Watchlist?
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.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.