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That's the risk we take as holders I suppose......you got in on...

  1. R08
    2,702 Posts.
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    That's the risk we take as holders I suppose......you got in on the bounce
    In essence, the SP was spiking and dropping based on hype as NO deals were made - just promised to be made through each ambiguous Ann that was released. The last few Ann's before suspension you may have noted, had NO effect on the SP because the market had woken up to the fact that we have heard it all before.....

    What is happening now is progress, the ambiguous Ann's needed to stop and AYB needed to get fair dinkum.....we are now at make or break time. They put the 5 farms to bed under reasonable terms and conditions that are financially favorable to AYB and in my opinion; you may be happy that you own 1m at 5.2c. Should it go the other way and they don't stick to the planned 5 - then it will take a little while longer for market confidence to return, even if they only took out 2 or 3 farms that were highly profitable. The market will want this time to absorb performance and achieve confidence.

    Said it before and will say it again - the 5 farms are a must in my opinion otherwise the road will be as long and winding for AYB as the main entrance to an outback ranch !
 
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