Ann: SFG EGM Notice of Meeting, page-26

I will leave the mods alone, they do a good job...except when they hit me.

We probably agree on the live export trade but that's a whole different story for another day and goes way back to a Gillard call that hurt some WA families deeply. As for the JV, that would not be hard to pull together at all and even the new offshore participant may well be interested as well.

Elders has been around long enough so I would hazard a guess I might know one or two folks in there but not up to me to drive the approach. And then there is AACo with a bovine processing plant not far away (in NT/WA speak) that is sucking gas like nobody's business and no use for it right now whilst they mothball the plant. And then there is some (not feral water) buffalo up that way just waiting to find a good home to be a bi-producer of product and for something to do and and and...

I just lament the current approach they are using and the things they have done...also I went back on my notes and the floodplain you referred to as about 60,000 of the 180,000 ha total for the whole station excluding the NT and that 60kHa is shallow arable flood plain but there is further secondary flood plain and then some steep rising country and carving it up with Stage 2 and Stage 3 leaves scant opportunity for other operations.

Anyway...you are in the hands of the current BoD and your return is determined by their performance and their performance is reflected by the market and right now the share price is ??? I liked SFG (or COZ as it was changed to initially and my view is they should stayed with that name and not become so food narrow as SFG) and its potential then when it was 3.7 cents and it upshifted to 7.2 cents but since then it has gone off a different direction than appears to reduce the probability of success, increases the risk and gone for the big winner type approach and that was not what I expected or anticipated and it is what it is today. I just hold a different view and that is it in a nutshell.

C'est la vie.