firsthalf net profit up 44pc to 18.6m, page-5

This stock looks interesting given earnings per share and good management performance in managing expenses at low crop levels.

The only thing stopping me on this share is its balance sheet structure.

It has a high level of seaonal debt (circa $100M of current liabilities) which expires in April 2009 - refer to half year report dated 31 AUG 2008 for further detail.

Given the current financial environment and access to credit I am thinking about the fall back position and impact on earnings if this facility was not renewed? Does anyone else have any insight into the renewal process and likelihood of renewal?

I just want some comfort on this as on the earnings side of things looks good based on the current price levels.