Ann: Appendix 4C Commentary, page-414

Looks like the dairy landscape is changing and some active participants are in the market....some coming in and some exiting. Which way is AHF going?

MGC exiting Northern Victoria and Tasmania and trying to reinvent itself.
Fonterra Australia seeking the upper hand in setting seasonal FGMP benchmark.
ACM seeking to buy up unwanted assets for repurposing.
Lion Drinks in a joint venture with SA milk suppliers for clever domestic opportunity (slightly old news).
Victorian milk supply moving around and changing supply loyalties.
Bellamy's in a trading halt pending an acquisition announcement...one rumour is Camperdown Powders.
VDL in Tasmania looking to partner for export to China.
...and AHF is doing what?

oh yeah, moving to a new office for Camperdown Dairy that is a long way away from the actual operation, but the views are nice.