These guys could have even been better off ponying up with FTZ and being the sole AU and possibly NZ distributor for rock phosphate fertilizer...at least it is in Paul's realm of experience. Also given the Chatham Rise Project in New Zealand got sunk a couple of years ago there is a gap in our market here for rock phosphate as an organic alternative to super phosphates which are tough on the land over time.
If they really got serious about protein improvement and environmental benefits they could also go and talk to Fodder King about export hay and lucerne.
Combine these two and they would have the ethical and environmental investment communities all over them with wads of cash will to invest let alone the mainstream investment community.
Ah well, that took 5 minutes to think through and post. Wonder how much effort they have really put in to it all on behalf of their fellow shareholders.
PDF Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held