Something that you need to remember is the fact that MVm has been operating at a loss for years. So it matters not how much milk the plant produces because it will still be making a loss on every litre it sells. To make things more interesting, it sells most if not all of its milk to China. In other words, every cent of loss incurred is profit for the CCP.
My guess is, A2M is trying hard to grow its revenue at the cost of EBITDA so the numbers would look good when the financial reports are finally released.
Media Updates, page-10769
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Last
$6.93 |
Change
0.080(1.17%) |
Mkt cap ! $4.999B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.94 | $6.89 | $1.939M | 280.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 8636 | $6.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.94 | 47306 | 13 |
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| Last trade - 14.02pm 29/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |