Shareholders to Management, page-4

You must've indeed missed it mate - it's only been in most if not all newspapers every single day and often on the front page, so don't blame ya.... "Eastern Australia in Drought" , "No summer crop prospects" and "Cotton hectares down by 50%" is what has been written about; that should answer your questions regarding "Current outlook", "How is the season going" and "How the capital expenditure on upgrades has contributed to growth."

With 50% less cotton getting planted (unless we get a monsoon tomorrow) and ginners' marketshare traditionally staying the same regardless of hectares planted, the outlook is bad, the season will be crap and there won't be growth. Hope that answers your question.