HeraMany possibilities, offer would need 75% acceptance to get...

Hera

Many possibilities, offer would need 75% acceptance to get over the line. 4300 shares in total ...

In the future competition will be devalueing CBH, whilst significant increases in production will add back value. We can grow yet more grain. Lots of land moving across to grains.

Potential suitors

1. Wesfarmers with a script bid. Say 10,000 WES for 1 CBH share. Get a $6 bill company for $1.5 bill. Allows value to be unlocked in CSBP. Their other option is to sell CSBP and one of the ABCD's of grain will buy as it opens up export options in Kwinana. Just as Dreyfus has down with Ravensdown fertilizer in Kwinana.

2. ADM
3. Bunge
4. Cargill

5. Private equity

6. Chinese State owned company - eg Beidahang Group