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2.8¢ rare foods australia limited

Ann: Appendix 4E and 2019 Annual Report, page-19

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121 Posts.

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30/09/19

08:56

Post #: 40632030
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Originally posted by OracleRhino: ↑

The legal issue stems from their hatchery supplier 888 Abalone attempting to stop OGA developing a hatchery themselves. 888 will be supplying them for years still. The feasibility study will be completed in a year and then if that goes ahead it will be several more years. OGA i believe is the single biggest customer for 888.
OGA IMO is entitled to vertical integration and diversifying their suppliers but this is years away.... Currently both need each other and honouring existing agreements through to 2024.... It will be called China Meingu Abalone by then, and +$1.00
See investor pres 1/4/2019

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I know the background to the issue. The point I was making is that there has been no announcement resolving it, so one can only assume that it is still pending. Just giving iratachriso the facts before they decide to invest

OGA Price at posting: 17.0¢ Sentiment: None Disclosure: Not Held
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