MRG 0.00% 24.5¢ murray river organics group limited

Ann: Requisition under Section 249D and ASIC Infringement Notice, page-13

  1. 1,103 Posts.
    lightbulb Created with Sketch. 208
    MRG is doing an online sale on social media for wholesalers - 20% off for muscat clusters and 205 off for the value added organic almond blanched flour...

    So let me get this right. They had a much lower crop this year, had to downgraded their product that went off on storage and now whatever is left they are discounting?

    It's either a sign that their product quality is bad - goodbye OCF... - and their customers are not accepting it or a sign that despite the production declines in Oz for the previous crop, the market is flooded with organic sultanas and derivatives.. I thought that another bad season was the main risk.. i was wrong.. everything here looks risky..
 
watchlist Created with Sketch. Add MRG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.