Does anyone agree that AAC would be north of $2 without the decision to spend $90 million plus on the Livingstone Abattoir? For the record this decision was taken by the current board / Chairman , but not by current CEO Jason Strong.
When the abattoir was floated by then CEO David Farley the plan was to get a joint venture partner to share the cost and/or provide expertise and/or off take product. However a j/v partner could not be found on "acceptable terms"
Given that at least the construction risk (and it seems some operating risk) is now removed, could the board now take on a joint venture partner? I am sure it would be a great boost to the share price which is being dragged down by industry talk that the abattoir project is a lemon.
$2 without Abattoir?
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