Well said @Amused
Farmers take the emotion out of it take the cash and move on.
Mgc is way to heavily geared, has a very bad structure and bad leases in place which no company wants as cost is double the cost of capital from a bank
For fk sake when you talk valuations include the debt and ballon payments on 2 leases on 2 processing plants. You just talk equity that is not how you value a company
And the fact mgc has lost 1.9 bn litres of milk since listing
Take the cash and look forward not backwards
The Chinese will pay you a lot of your milk like Barra
Commonsense boys commonsense
Nobody thinks you are stupid we are all stupid for buying units or believing the rubbish from old mgnt
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