I think the purchase of Mataura Valley Milk will be a good...

I think the purchase of Mataura Valley Milk will be a good decision for a2m because we would have paid a competitive price for the assets and we probably will get our hands on 75% of all previous years tax losses that are carried forward as a deferred asset on the balance sheet.

Its not that hard to turn MVM into a profit centre. The facility will have fixed costs and variable costs and as production is ramped up the fixed costs (e.g. depreciation on plant) become a smaller component of cost per unit of production.

If production is ramped up to "name plate production" MVM will shoot the lights out and become significantly EPS positive.

This purchase would have been reviewed in depth and approved by the Board of Directors.

This acquisition is a no brainer.