opportunity, page-4

You guys must be kidding. No - one wanted UMH - NO ONE! Champ have been trying to sell this for over 2 years, and have finally been able to do a back door float through GNC because they need the additional size perhapps to make another play at RIC.

The Malt Industry is completely over supplied across the plannet, an no company has ever made a lot of money from Malt, stable earnings are at best what we can hope for.

Added to this the crop size in QLD/NSW is getting worse and worse. when you have 3 Malt plants and 5 Export Ports in what is likely to be a very poor year, how is this good news for Graincorp?

If you want to invest in this industry RIC is my choice, they are the most ligicial next target for GNC, and they have now proven they are willing to pay TOP DOLLAR for the acquisitions. RIC should be valued at $1.40 if Graincorp are to pay the same value for it.