Ann: Chairman's Address - AGM, page-10

Hi guys, ambelz, yes I am very skeptical / cynical about any company that releases a very ambiguous up-date(?) And one paragraph is very ambiguous! See below

Quote - "Funding for the dairy acquisition has been a slow and tedious process and Directors have worked hard with financiers to secure a successful outcome. ((This is cleverly worded and plants the seed that funding has/will be successful))

((Note - in the following quote, the use of the word "confident" it does not mean or imply "has"))((also, "in the very near future" what does that actually mean? 1 month? 2 months, 6 months?))

We are now confident that funding for the acquisition of the first two farms will be finalised with a party in the very near future.

The nature and details of this funding will be advised to the market on finalisation."

In the above quote the all telling key word that is used twice is "confident"

How long can a listed company have no "business" for? (I don't know)

By buying the cows, they now have a business. A listed company that owns 164 cows and not much else? Divide the yearly outgoing by the cows and they become very expensive cows to maintain.

I have another thought on these cows but it would only be an opinion and I am not sure if I should post it?

To sum up, I think the last ann. is big on words and not much else. Maybe the AYB company rep. that monitors HC could join the discussion?


Also, it is good to have this type of discussion with out anyone getting upset.


I can see everyones point of view. The above is my very skeptical and cynical view on what that address says or implies!