SGL ricegrowers limited

re: big problems- mjs Burning cash is an understatement.Just...

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
  1. 11,382 Posts.
    lightbulb Created with Sketch. 694
    re: big problems- mjs Burning cash is an understatement.
    Just borrowed another $50mil on top of the massive amount a few years ago to build the infrastructure.
    Also,recieved forward payments of $9mil from AGL.
    The board a who's who of government cronies.
    Payments to execs are over the top.
    Trying to expand into the hunter area at the same time as camden.
    And get this all you believers,all on revenue of $3mill.
    And you wonder why they dropped.
    This company was eventually going to come unstuck..the state government is far too cosy with this company as far as i'm concerned.
 
watchlist Created with Sketch. Add SGL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.