Wow, what a result ! Its no wonder Directors have jumped out.In...

Wow, what a result ! Its no wonder Directors have jumped out.
In this Country everything is going up in price to help off-set all the public service pay rises and supply chain cost increases especially transport of goods to and around Australia.
Our economy is stuffed - This cost of living crisis is hurting whilst the rich get richer and the middleclass being squashed - whilst all our politicians wealth keeps increasing so why do they care.

Pure Foods based in Tassy was always going to find it tough going, the idea to develop & produce products there sound great but in reality unsustainable when your key customers like Woolies & Coles have this process of screwing suppliers for more profit - as now being exposed in the media, l have great experience in this process having had to negotiate contracts in a past life.
Trying to sell off-shore to buyers is a similar problem, one can only guess how expensive is must be to ship produce OS without Government subsidies - Pure Foods Board has tried to up-beat the future in the report and l sincerely hope this strategic plan can be implemented for all our sakes but in my view Michael listing the business on the ASX thru a back door listing in 2020 that should have raised more alarm bells, silly me now my investment has all but gone in 4 years yes 98% of it so to sell up the balance is worthless.

Just my view on the current position

ST