While this is a nice announcement and it's great to finally start seeing more sales I am concerned that 3,000 kgs = $900,000 in revenue. Going on the P&L from last financial year FGR is running at an annual loss of $7,048,220. From my understanding FGR needs to sell 23,494 kgs per annum just to break even (one quarter of their total capacity at 100,000 kgs per annum). Here's hoping for a lot more sales contracts to occur over 2020.
While this is a nice announcement and it's great to finally...
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Last
6.1¢ |
Change
0.002(2.52%) |
Mkt cap ! $40.21M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 6.1¢ | 5.8¢ | $35.58K | 595.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 51724 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 59980 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
6.0¢ |
Change
0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.8¢ | 6.0¢ | 5.8¢ | 175741 | ||
| Last updated 15.27pm 02/05/2024 ? | |||||
| FGR (ASX) Chart |