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clock Created with Sketch. 24/05/16
11:30
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Originally posted by PointBreak5
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Totally disagree with you, I think it was fine to tap outside investors for the $500m rather than further gear the balance sheet. The structure is OK - farmers keep voting control and majority economic control. Investors only get economic control. The company was too aggressive with maintaining farmgate, but given the news that they sold 30 tons of milk powder in a day - there is a reason why they were optimistic on china story.
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Yes farmers are resilient and would certainly retaliate IF MG had the gall to offer interest free loans. If they can afford to give loans then they can afford to revert back to the FGMP that was in force before this debacle that they have instigated.
