Now in 2018, no announcement of CFDA submission, (previous guidance was this would occur before end of year) one could speculate that, the Camperdown plant is taking longer than expected to operate within the guidelines required by CFDA. Or other challenges exist in relation to the raw ingredient souring and compliance under the submission.
Expecting stock write-off to be flagged, additional delay of CFDA, additional expenses related to Camperdown.
Took SM1 (A2M) partner, submitted CFDA in May, then approved on 28/9/2017.
There going places, big drop coming on H1 results announcement.
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