Hi Henry, re "I think we have no choice now though after AJM/PLS...

Hi Henry, re "I think we have no choice now though after AJM/PLS meekly gave low pricing what can we do, it's bad for everybody."

I think the pricing issue may however be more a competitive advantage type thing (rather than meekly giving low prices as you claim) that I outlined to you a while ago on another forum. Perhaps the impacts are now being felt as processors also have to remain competitive with their competitors.

Here is the post again just for other viewer reference

https://hotcopper.com.au/threads/in...551591/page-406?post_id=37036229#.XD6QC9HZWhA

On the $880 clause, my reading of that is different to you, I am reading it as they have agreed on the pricing mechanism up until October 2019, so whatever that mechanism determines will be the price, would seem a bit strange to have an agreed pricing mechanism and then own party can just say I don't like the result, especially as it has built in floor and ceiling prices.

From October they seem to be moving to a new pricing mechanism that doesn't seem to have been agreed to yet, so I think it's this period that is subject to the "if we can't agree" sentence.

But I do admit it is a little ambiguous and could be read either way so perhaps if anyone is contacting the company anytime shortly they could seek clarification, in the meantime I will assume my reading is correct.

Anyway all the best, let's hope the quarterly report throws up some good info on those production costs and operating efficiencies.

Thanks