Ummmm, there is quite a lot of new stuff in there....at least more comprehensive than the diatribe they usually feed us.
Income, herd quality, milk production depth, insemination program to increase herd numbers and milk production, over 3500 cows across the 5 farms, existing and comprehensive infrastructures, direct existing suppliers to the regions dairy manufacturers, adequate onsite water supply, over sub scribed private equity raise. It is a much better quality structured announcement with substance compared to the 5 lines of rubbish we usually get.
The mention of AYB working on an "equity" raise intimates to me that it again will be private sector raise with further convertible loan notes issued - not a "capital" raise through holders. Additionally, AYB will seek investor approvals for the final acquisition of the of the 5 farms AND potential further acquisitions.
I know you and @Archer 747 have enjoyed having a go and AYB's efforts and fair play as recently the information has been incredibly poor. However, as more is obviously due to come to light, so will the full breakdown of costs ETC.
At least today they may have won back some confidence from the market and perhaps their recently hired business advisor is assisting them greatly ! I would suggest to you, that you have read the announcement the way you want to interpret it without taking an open minded view of the entire contents.
PDF Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
