Australia's largest stock trading and investment forum Australia's #1 stock forum

CAN

Click for more information

6.06%

3.1¢ cann group limited

you will all be wrong, page-111

First 111 Last

Share
Profile

Follow
ChopsInOz

100 Posts.

12

01/08/21

15:24

Post #: 54940106
Share

Originally posted by KelpieInvestor: ↑

The cost was initially expected to be $130 million, the estimate is now $184 million - a cost blowout is typically characterised when a planned project or expenditure costs more than planned or expected… so the difference in the two figures is $54 million. In this case, I’d argue the cost blowout looks like it’ll be approx. $54 million but who knows given the factory isn’t finished.

I also appreciate there are differences in labour costs/land etc… I stand by a previous sentiment that Iv expressed on there that Aurora were able to build their ‘Sky Factory’ which has a much much larger capacity capability than CANNs Mildura factory at a significant cheaper cost. Makes me wonder personally.

Expand

March '19 this was announced as 50,000kg facility ready in second half 2021, now 12,500kg.

The $180m x 4 = $720m for 50,000kg.

Depreciation straight line over 10 years - $184m / 12,500,000g = $1.47/g for depreciation only, then add Australian labour, energy costs.

Outdoor with GMP is less than 50c/g (direct costs) for bulk product.

CAN Price at posting: 28.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

STX

Strike Energy secures $153 million for Perth Basin gas projects

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

There are more pages in this discussion • 25 more messages in this thread...

First 111 Last

Add CAN (ASX) to my watchlist

(20min delay)
Last 3.1¢		Change -0.002(6.06%)		Mkt cap ! $13.81M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.1¢	$54.36K	1.712M

Buyers (Bids)

No.	Vol.	Price($)
1	97034	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	17903	1

View Market Depth

No.	Vol.	Price($)
1	97034	0.031
17	939634	0.030
2	173000	0.029
2	45000	0.028
2	128000	0.027

Price($)	Vol.	No.
0.032	17903	1
0.033	13350	1
0.034	60500	1
0.035	45307	7
0.036	100000	1

Last trade - 15.59pm 24/06/2024 (20 minute delay)

CAN (ASX) Chart