Ann: Commercial Importation of Drinking Kava Approved, page-181

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Ozgull

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09/02/22

11:25

Post #: 59452667
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Originally posted by Cadel: ↑

Haven’t tried it yet. But Fijians at work think it will make a killing, I’m sure they said they were paying $300 a kg off the Tongans. Might contact the company and see if I can buy a couple of hundred kgs at a decent price. Need to check on the rules for sale. Anyone know what the exact rules are. From memory the ready to drink cans can’t be sold here.probably the same with the teas. I think the government are letting it in but only want it used for “traditional” purposes. I know they need the cash but I think they should be saying to an potential investors that they need to purchase a % on market. Also the company directors need to get some skin in the gain. It would not take much to rerate this. Didn’t the American bloke buy a heap off market and commit to more later. That would probably do it. I have bought a shitload but in dribs and drabs so no effect on the SP just helping some get out at a lose. I have no doubt FIJ will make even if they need to do another raise but not at these prices. They were able to get it back to 10c just before the SPP cut off. They need to get it up there again. Maybe after the next quarterly which will be good they could do a few roadshows. Even produce quality presentations for investors to digest.

Im well down on this but the opportunity costs have been much higher. Lucky one of my other two companies has recently gone mental so hard to be annoyed at anything right now.

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See here for importations rules - https://www.odc.gov.au/publications/guidance-import-kava-food-use

FIJ Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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