lion buys blocking stake in wcb, page-13

Yep, sell to a foreign company, supply them, let them enjoy the profits from what everyone expects will be a major boom from China and free trade agreements over the forthcoming years.

Sense in that, grab the money now and then whinge for years to come and expect ongoing handouts from the Govt because the price for the milk received does not make it worthwhile to be in the industry. Same old, same old.

OR keep it in Australia, Australian owned with many local producers enjoying the expected strong growth from China, a bit of a say in where the company is heading. Maybe not instant wealth now but a long term future of share price growth and a future for producers through a strong combined Australian company whoever that tie up may be.

Sure the overseas interest may just give you plenty of the expected profits, but somehow i think they may look after their own people first,second and last.

Make strong Aussie companies not foreign owned.

This is headed for a company with 4 major shareholders, no one with enough to complete a takeover or control and all wanting different things from the company. End result major shareholders want a say on the board, a split board and a company going backwards because of competing interests.