Am I missing something? Last year rev was $744,713 yet Diving and operation cost alone was $889,132. Excluding the adjustment, for bio asset, they went through 4.7m for the year?
I really want to invest in this as I think the expansion to China could be amazing however if it's costing them 5x to get the abs how are they going to ever make a profit?
IPO - Ocean Grown Abalone Limited, page-50
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