I can see au8 one foot is in tomb from today's announcement.
All au8 did since it listed, are other front runner already tried and proved failure practice.
Someone think milk is white gold. Actually competiton in milk industry is fierce strong in almost every country. A2M and BAL are outstanding, but most others are not good.
Aldi, Coles, Woolworth all have their own milk powder which sell $5 to $7 per kilo. Are these milk powder hot seller? definitely not.
MGC closed three plants.
Blackmores, Nature's Way and a dozen others tried infant formula, they all lose money. BUB and WHA are struggling. (If someone really interested in Milk Powder, KTD maybe a choice)
If au8 survive in the next 12 months, I forecast it will take another capital raising or early termination of this supply agreement.
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AU8 Price at posting:
32.0¢ Sentiment: Sell Disclosure: Not Held