Ann: JAT secured 3 Year Dairy Products Distribution Agreement, page-143

Awesome news,

Personally I'm not phased that the market isn't rating this to what all us holders believe. Yes the directors could spend time and money getting the name out there but at the end of the day the fundamentals will speak for themselves, it's just a timing difference. It's easy to get carried away and think that all good news will always be sold into and blah blah blah but logically this company has made serious inroads into obtaining revenue, making sure that revenue actually has solid margins this time, and is already flowing back to the company cash positive as per the last few quarters. Just on the current announcements if you work out a NPAT of 15% for a few years and there are no acquisitions JAT would literally have more cash in the bank than the current market cap. As much as anyone wants to say JAT is the underdog, the market simply will not allow a company to be able to pay a dividend that is higher than the market cap. Obviously this is to the extreme, and the rerate will occur much sooner, as long as the profitability shows in the upcoming quarters. For those playing the sell down the news to 5c and re enter game, more power to you but you better hope you're in before the market wakes.

On this announcement specifically, yes there are some immediate question marks over the lack of remediation if the order doesn't go through but i think this agreement is designed for all parties to benefit. The wholesaler we've contracted with now get to obtain our product at the best market price, will have some confidence that we can actually supply their orders as its all mapped out ahead of time, and will be switching what I imagine was other products they were shipping to Beijing to our hopefully higher quality product. 2.4m to 80m or higher is not to good to be true when you consider that the wholesaler may have been transacting in the millions with other companies, but has made the decision to end the relationship with them and bring that business over to us. The end companies the wholesaler is supplying seem like big players so maybe I have rose tinted glasses but everything looks legit to me and I expect if we can get supply in order we will transact close to, if not the 80m in that first year.

All in my opinion of course, but hopefully an opinion grounded in optimistic logic hahaha