PPY 0.00% 1.3¢ papyrus australia limited

Ann: Papyrus Egypt new staff and production imminent, page-2

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  1. 118 Posts.
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    Hmmmm, interesting.

    Assuming the factory produces 200 square meters of saleable veneer every shift (!!?) and operates 6 days per week for every month of the year with no downtime (!!) , and all the veneer receives EGP150/square metre (!!?) , and all the daily output of 3 tonne of fibre receives 300EGP/tonne (!!?), and that all 36 workers are paid the minimum labour rate in Egypt, the gross profit will be around AU$651K/annum from which management costs, general operating expenses, power, maintenance, govt fees, RA's expenses etc. etc. must be paid. ... and that's what the JV will yield.
    Not exactly a cash cow for PPY.

    Production "imminent". How many times have we heard that. ??
    When will they announce what the production and sales have actually BEEN

    Awaiting the next chapter of this saga
 
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