Its not possible to directly associate the amt of feed to biomass fyffee but you are on the right track. In general, feed as a cost is increasing. This qtrly was horrendous in terms of impact on accounts. They cant continue to trade like this without a cash injection. The SP is going to get hammered.
The next qtr looks like it will be a good one avoiding another draw down on finance. The upcoming roadshow looks and feels like a play for another a capital injection. Its particularly disappointing that the narrative is now "2025" which again seems to indicate a long investment horizon before any form of SH return can be realised.
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