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Murray River Organics Ltd (MRG.AX)

MRG.AX on Australia Stock Exchange

0.05AUD
27 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Murray River Organics Says Murray River Organics Group To Amend Existing Facility With NAB
Friday, 27 Dec 2019 

Dec 27 (Reuters) - Murray River Organics Ltd ::MURRAY RIVER ORGANICS GROUP LIMITED AGREES AMENDMENT TO EXISTING FACILITY WITH ITS FINANCIER, NATIONAL AUSTRALIA BANK LTD.UNDER TERMS OF AMENDED FACILITY, NAB HAS AGREED TO ACCELERATE DRAWDOWN OF $4M IN TWO TRANCHES.AGREEMENT BRINGS FORWARD SHORT TERM FUNDING ALLOWING CO TO PROGRESS FY20 HARVEST, CONTINUE TO FUND BUSINESS OPERATIONS.CO HAS ALSO STARTED TO EXPLORE PARTNERSHIP ARRANGEMENTS REGARDING SIGNIFICANT VACANT ARABLE LAND AT ITS NANGILOC PROPERTY.EQUITY CAPITAL RAISING IS EXPECTED TO BE FOR A MINIMUM OF $20M.  Full Article

Murray River Organics Says Export Sales To China Expected To More Than Double In FY20
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - Murray River Organics Ltd ::EXPORT SALES TO CHINA EXPECTED TO MORE THAN DOUBLE IN FY20.SIGNIFICANT STRATEGIC INITIATIVES UNDERWAY TO OFFSET 2019 CROP SHORTAGE AND ADDITIONAL FARMING COSTS.  Full Article

Murray River Organics Sees FY20 EBITDA-SL Loss Of Between $5 Mln To $8 Mln
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - Murray River Organics Ltd ::NOW ANTICIPATED THAT MRG WILL RECORD AN FY20 EBITDA-SL LOSS OF BETWEEN $5 MILLION TO $8 MILLION.ADDITIONAL IMPACTS OF WATER COSTS, CITRUS PRICING, DELAYS IN SOME NEW PRODUCT LAUNCHES RESULTED IN REVISED GUIDANCE FOR FY20.HAS ONGOING WATER CONTRACTS FOR ABOUT 70% OF REQUIREMENTS, BUT CURRENT SEASONAL DETERMINATION IS 48% DUE TO DROUGHT CONDITIONS.  Full Article

Murray River Organics Says Up To $200/Tonne Rise In Prices For Third Party Grower Dried Fruit
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - Murray River Organics Ltd ::UP TO $200/TONNE RISE IN PRICES FOR THIRD PARTY GROWER DRIED FRUIT, PART OF SUNRAYSIA GROWER WATER SUPPORT PACKAGE FOR 2020 CROP.  Full Article

Murray River Organics Announces Strategic Partnership With Existing Customer In Chinese Food Industry
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Murray River Organics Ltd ::ANNOUNCE STRATEGIC PARTNERSHIP WITH AN EXISTING CUSTOMER IN CHINESE FOOD INDUSTRY.PARTNERSHIP IS EXPECTED TO BE WORTH MORE THAN $6.5M IN SALES OVER NEXT THREE YEARS.  Full Article

Murray River Organics Granted Licence To Grow Organic Hemp In Australia
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Murray River Organics Ltd ::GRANTED LICENCE TO GROW ORGANIC HEMP IN AUSTRALIA.  Full Article

Murray River Organics Estimates FY19 EBITDA Loss Before SGARA II Range Of $3.7 To $4.2 Mln
Monday, 3 Jun 2019 

June 3 (Reuters) - Murray River Organics Ltd ::ESTIMATED FY19 EBITDA LOSS BEFORE SGARA II RANGE OF $3.7 TO $4.2 MILLION.  Full Article

Murray River Organics Posts HY Net Loss After Tax $4.6Mln
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Murray River Organics Ltd ::HY NET LOSS AFTER TAX $4.6MLN VERSUS LOSS OF $22.2MLN.HY REVENUE $30.2MLN VERSUS $39.4MLN.COMPANY IS MAINTAINING GUIDANCE FOR FY2019 OF AN UNDERLYING FY19 EBITDA-S LOSS BETWEEN $2.8 MILLION TO $3.2 MILLION.  Full Article

Murray River Organics Proposes To Undertake Equity Raising Through Entitlement Offer
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Murray River Organics Ltd ::PROPOSING TO UNDERTAKE EQUITY RAISING BY WAY OF AN ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER.  Full Article

Murray River Organics Says New Appointments Made At Sunraysia Operation & Dandenong Processing Facility
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Murray River Organics Ltd ::"TURNAROUND OF MRO OPERATIONS IS PROCEEDING WELL".NEW APPOINTMENTS MADE AT SENIOR MANAGEMENT LEVEL AT SUNRAYSIA OPERATION & DANDENONG PROCESSING FACILITY.  Full Article