Thanks for the great research @Amused observer.
Are we able to get the breakdown of those 'hidden fees/costs' or is it not possible.
I guess the only thing shareholders can rely on is the integrity of the board/management. I do like the idea of organic infant formula and hence why I'm happy to take a risk at this price levels.
I previously bought at .17 and sold some at .24, now back to my original buy level. Happy to top up/buy back that same parcel I sold at .24
Definitely a medium to long term play and I'm not sure if management is reliable. Minimum 3 years to convert all farms to organic. But possibly within 2 years the company can start converting some of the farms to organic first. What I would like to see is development of infant formula products and to start building the 'brand' in the meantime.
The margin for other dairy products, i.e. milk, yogurt, cheese are too low. IF is where good money can be made, although nothing is ever certain.
Sky News Business: https://spaces.hightail.com/receive...1ff89e66282/Sky Business Peter Skene 2703.mp4
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Ann: AHF to produce Organic Infant Formula with Australian Milk, page-223
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