@asdmatt the notes have approximately 65m shares left to convert then they are gone. I'm not sure why they opted for such financing but the debt is easily serviceable now. It will be paid out in FY21.
I agree with your comments about Sunnya. They sold out of everything JAT could produce last year. ANMA production is set to double from February.
The pricing displayed in the picture is for JAT's Moroka selling for A$100. JAT's Abbeyard A2 is going to be a premium product to this.
When I commented that A2 lands in China at 200-300% I was speaking loosely I will try to track down some local pricing to confirm. However you know it's going to be more expensive than JAT's Moroka at A$100 a tin.
I'd assume the A2 goes for A$150+ in China. JAT have a huge opportunity to do an Amazon as you mentioned and undercut the competition with price and volume. A2 could not compete selling to a distributor for A$20 a tin with JAT selling direct to retail at A$100.
@asdmatt the notes have approximately 65m shares left to convert...
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