Perhaps I am not good with maths, but I can not fathom how the company IF as your tea leaves say there is an insto can afford all that has been announced.
The shareholders voted at the EGM in favour of the issuing of shares to the value of $15 million, that buys the first two farms. Then there are the funds required to buy the next three. And now again there are going to be the funds required to do Fiji. I do know that to do a dairy in Fiji will be in the vicinity of 40% more than it would cost in Aus.
Timelines are not adhered to, yet there is no communication to shareholders as to when they can expect previously announced events to occur this is not good for shareholders confidence on what their directors are actually doing.
Too much talk and all over the place is what is occurring at present. Clear and decisive action and engagement with ALL shareholders is what is needed.
IMO DYOR
Ann: FRESH MILK FOR FIJI-AYB.AX, page-34
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