I stand by these comments. This is a small company who sells into my area. Be aware that the stores you can buy this in are niche, high end stores. They are not mass marketed product.
To build an organic milk supply chain takes a long time, the quickest way is through acquisitions. If investors think this is going to explode through sales then be aware of who they are up against. Average joe can’t afford to pay top end prices for milk products. If the economy turns even less so. They need to build their supply chain and to do this it will take more acquisitions. And more cash raises! If Paris creek had such a capacity to increase product why didn’t they? This could be a good niche company but it needs further purchases and more money to do so. Which will mean more share dilution. Be wary of jumping in. I feel terrible for those investors who got caught up in the initial hype from 3c to 7cents. Anyone who was unlucky to buy at 7c effectively bought at 1.75. There are posters on here he should be ashamed for the falsehoods they were spruiking about China and even the east coast market. Remember this with the st David’s dairy purchase you in effect negate Paris product from occupying this niche in Victoria! It cannibalise those sales. So what’s the point in the extra capacity at Paris?
LON Price at posting:
74.0¢ Sentiment: Sell Disclosure: Not Held