Ann: SFG AGM Presentation, page-18

Oatmilk - can't seem to reply directly to you for some reason but it's a fair point about the viability, there is definitely considerable risk going forward but I also think there's potential upside cases, who knows how long that will take to play out but there's a few scenarios, even just improving on their current operations. The financials aren't in terrific shape though, they had a pretty massive war chest after the capital raise that is dwindling down, but the balance sheet plays out slightly better than where the market cap sits. It's funny how the market cap sat significantly higher when they had far less cash and assets on the balance sheets. Amazing how stupidly hopeful markets were the last few years with 0 percent rates, but this is where things can get interesting and we start to see a lot more opportunity on the value side of things especially in smaller stuff that's rarely traded.

I would rather the wider market be down considerably more (if the ASX is going to follow the US' lead) but if we see a good price on something then I think it's worth a small parcel, obviously relative to the risks mentioned.