Ann: Patersons Securities Limited Appointed Lead Manager-AYB.AX, page-3

Hi R08, sounds like you understand Patersons?

ICBC Capital - Fail
Lusona Capital - Fail
Patersons Securities - ?

AYB must still be going after the 5 farms based on what was stated on 31-Aug-2016

Quote - "Since early 2015, the Company has been focussed on establishing an initial dairy hub of 2 dairy farms, growing to 5 farms by the end of 2016."

So are they going after $6m or $34m? (I forget the exact figures) $34m in 3 months? Very ambitious!


Quote - "Both farms have operated profitably over the past three years. With funding complete Directors see the farms continuing to operate in an efficient and profitable manner, with potential for significant expansion."

That is until they have to carry a listed company and all it's baggage!
(2015 loss of $2.86M & 2016 loss of $1.56M)
And if AYB can finance this their expenses will go up!