MCA murray cod australia limited
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-4

  1. Nimingarra
    195 Posts.
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    30/04/24
    15:02
    Post #: 73586038
    I too exited in recent months due to cash burn, but keep following, and will continue to do so although not closely. There is no denying the product is quite good, but the market penetration always seems to be lacking. I have never been able to get clear on what mix of volume of fish sold/market price/costs enables MCA to break even. Wasn't comfortable with that in light of the cash burn, even if it is to grow.
    MCA Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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