There are some pieces that haven't been covered in the thread which are worth considering...
1. Chairman holds just over 50% of stock so voting for resolutions is always going to be interesting. Self interest versus corporate ethics will always get tested and questioned, rightly or wrongly.
2. The cost of feed for prawns is missing and MBD may be its answer as well as dovetailing into the business on another front and this is one serious opportunity they may be missing or choosing to ignore. It opens up accelerated opportunity and revenue for both parties and ticks quite a few other boxes as well.
3. A takeover wont happen due to the chair 50% holdings and combined with two other company directors they hold majority.
4. This one could be another Elders in its own right if they get it right, if not then it will wallow in the "bugger, we nearly got it right" bucket. It has been the third or fourth time they have tried to get this company right and I think the current path is better than any previous attempts.
The AGM will be telling on a number of fronts for those attending.
Cheers.
COZ Price at posting:
7.6¢ Sentiment: None Disclosure: Not Held
