MRO Crop and global prices!, page-43

Commentary from Cyan Investment Management in their latest monthly report


Murray River Organics (MRG -16%) produces organic fruits and nuts with 13 properties in the Sunraysia region of Victoria and processing and packaging facilities in Melbourne. The Fund subscribed to a capital raising priced at significant discount to the net tangible value of the business. We believe as the new management begins to leverage the existing $68m in sales, significant value in the business will be unlocked.