I agree and that is because the costs are all hidden in SW Dairy Farms Pty Ltd (with Michael Hackett and family and friends as Directors of that company) as well as the Trust and the Responsible Entity that is also controlled by Michael Hackett with the same family and friends so the real costs are invisible other than as aggregated amounts posted to the listed entity accounts. Legal? Very likely. Compliant? Very likely. Transparent and honest? Not very.
Besides the whole issue of potential double dipping at the expense of shareholders by these people which is a whole different issue all together it tends to verify why we will never get reporting metrics for farm performance and certainly not be able to benchmark them against an independent source.
Frustrating is a polite description of what comes to my mind but I would hate to think what words shareholders would come up with.
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I agree and that is because the costs are all hidden in SW Dairy...
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