Ann: FRESH MILK FOR FIJI-AYB.AX, page-35

Fiji gives me the wobbles, if Felix Anthony is part of the family the announcement refers to then that is a worry, secondly if FDCL is involved that is another worry. IF neither of these two are involved then it is a clean field and will costa plenty to get started and that would be a greater worry due to the inconsistent conduct of the Fijian government in regards dairy there in the last 20 odd years. Take a look at Southern Cross Foods for example. That part of the announcement was either a bout of insanity or a tax lurk in hiding for cheap holidays for Directors.

I haven't comment on the dairy farms as don't know alot about them but the water issues up where they are suggesting buying is a worry and Finley (NSW) is tough territory for dairying for one of the farms.

I also don't know the make-up of their share register and who is working who behind the scenes but I would hazard a guess it is fairly rudderless and those on the Board are it...there is no white knight or silent architect steering the company in a particular direction.