I must admit I have lost a bit of confidence in management but more over other issues rather than Tarmoola and the cows, but won't go into that just now.
Its a very big property and prohibitive to fence the cows in so they will go walkabout, just as other strays will join the herd, would be near on impossible to count. If you read the explanation to ASX regarding the due diligence it does sound reasonable to me and they did sell 336 cows (of 700 costed in) for $268,682. Probably filled the freezers with a few steaks for staff and guests as well, to go with the new luxury lodging
Due diligence could be a bit lax but its worth reading the explanation in its entirety before making judgement.
Ann: Response to ASX Query Letter, page-22
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