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24.5¢ murray river organics group limited

Jamie, I noticed you are now down as "Not Held", I must have...

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jellyroll

941 Posts.

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04/05/20

13:23

Post #: 44420847
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Originally posted by Nemtsas: ↑

Scalzo signs long lease on Advinco/Colignon(Ex Mro) property. Scalzo or Australian Premium Dried fruit has signed an agreement with Arrow funds management for the lease of the property that Mro gave up just 5 month ago, at a massive cost to shareholders. They will need to supply Mro for 2 more years and then they will process the fruit themselves!

Scalzo is now not just the largest but a huge player in this space, they are the owners or leasee on 4 of the 5 biggest dried fruit farms in Australia.

Mro is done in Mildura, basically they are on the way out; they will now never get enough fruit to operate efficiently in Mildura - Circa 15,000 ton. They will be lucky to process 2000 ton in the future!

Added to this I have been approach to help a grower group wanting to put in another processing plant in Mildura!

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Jamie, I noticed you are now down as "Not Held", I must have missed the change. So you are out completely now ? You done with DVF or coming back in a different way ?

Last edited by jellyroll: 04/05/20

MRG Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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