Ann: Annual Report to shareholders, page-13

My concern here is simple: one bad season - cold and wet - and they are likely to go bust (or raise money at what, 10cps?) . I just don't see the risk reward here.. make 30% up or lose (80-100%) if the weather is not on your side?

They proved to have zero visibility on their business and be clueless about cash management. Business with much, much better assets have gone bust for the same reasons, high debt and poor management. Sultana is a commodity in ample supply (and easy to be converted from vineyards who are struggling.. and thats the bulk of the vineyards in this country) with no barrier to entry - there is zero IP, no branding.. just dried fruit picking and processing.

I looked at this co cause i was trying to see the organic angle and the potential for demand to rise quickly. Hoping for it to go to NTA is a big risk given the downside. Sub 30cps, maybe (if my weather crystal ball tells me that it's all gonna be okay for the critical Dec-Mar period....)