PPY 0.00% 1.2¢ papyrus australia limited

Hang on one minute .... In the Chairman's report to the AGM...

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    Hang on one minute ....

    In the Chairman's report to the AGM (29/11) , it was clearly, and proudly, announced that the first sales order for decorative veneer was 500 square metres ( = less than 1 weeks production !!???) at EGP 30 per square metre.
    No mention of this being a discounted or introduction rate

    How is now claimed that the "market price range " is 70-300EGP per square metre. Not based on the first order, I'd say.
    More fanciful/misleading predictions. ?

    Based on a (realistic ??) sale price of EGP30 per square metre for decorative veneer, the gross profit of the JV is only AU$117K per annum.

    It may not even break even !!??
    What is going on ?

    Has this first order been delivered, and invoiced ?
 
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