most of Australian dairy farms making money since 2022 when milk gate price increased from 45c to now 91c.
But AHF always wanna make a big story since listed, now they can blame Covid-19, blame low birth rate in China, although I cannot see relationship between such big topic with a small company like AHF, what a joke. Basically the management should clearly know people who paying $20-30-40 for 900g power for their babies , their money only for the well known and trusted brands on the market. Rare people can use their babies for testing.
Many Aussie dairy companies failed on this , but AHF management still spent so much money /energy /time on an obvious trap , just for a big story.
No surprise for low volume sales, but surprised to see: lose $1.6m in 90 days for producing $1.5m value products, $19k cash burnt every day! now what’s its production for?? Hard to believe this company can survive.
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