Ann: 2023 AGM Conditional Spill Resolution, page-22

Sydney6791 as you have stated here previously you breed Angus cattle. Beef cattle breeding and dairy farming are very different.

1. You say suspend Infant Formula immediately. What hppends to the plant does it just lay dormant.

2. To export the fresh milk is not easy and is an expensive exercise.

3. If the company was to import milk powder from NZ the product is no longer Australian product it is only packed and blended here. And we have to remember that the capacity of the plant is only small.

4. Selling tickets to tourists for $5k per day is a fantasy. This has been done AU wide on top tourists routes by excellent operators and gone by the wayside.
Do you realise the cost of setting up an export feedlot? There are professionals already doing this and if AHF who are very small scale did so
what would happen if live exports were banned in Australia the feedlot would become a white elephant.

AHF listed in 2006 and has never been a a success in their endeavours. The brands have never been a success in the retail sector.

The company would be in a different situation if they had of remained dairy farmers and expanded that side of the operation instead of selling down valulable asset and going down the path of organics.

IMO DYOR