Dr Livingstone died trying to find the source of the nile. We are dieing trying to find a source of profits!
I am disappointed that they cannot even get the meatworks close to profitable, but at least management is serious about driving profitability, as shown by this review and its efforts to improve marketing. Thank god for that. There has not been enough focus on cashflow in the past.
The stock is cheap, and now has a path to driving value, but damn, theres a lot to do, and unless cattle prices rise, our money is as dead as the Livingstone business plan for the next year or so. Any board member who approved Livingstone has to go.
Ann: AACo Market Update and Operational Review, page-14
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