Shareholders,
BFC cash position now and pre EOFY looks very tight.
Company has,
- non profit making Mozz. USA product available at $5.30kg. BFC factory cost must be at or above $6.10kg
- Jervois plant closed due to maintenance on gas supply. Lost 7-9 days milk supply - say 350000 litres a day. This milk sold to others at a loss - remember BFC has highest Processor milk price. Daily loss could be $25,000 to $35,000. Big unbudgeted HIT of approx $250,000??
- BPAM internalisation - cash hit is $1.11m if approved on May 28 at EGM. Paid August 28 - on or before EOFY results announced.
So savoiur is lactoferrins but we never get any information. Directors/management does the Company have forward contracts or has BFC spent $20m on a plant that may sit idle.
What is that state of the Domemstic and international lactoferrins market?? Australia - China relations must be a worry. China buys more than 80% of current global lactoferrin production. Please advise.
Todays share price defies market dynamics. Must be Sexton allies manipulating the market. Mind you 8c is better than 6.5c but no profits being generated = potential downside with price. Bottom is ??
More church time needed. Roger Sexton come and join me.
Shareholders,BFC cash position now and pre EOFY looks very...
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