Ann: Appendix 4D - Half Year Report - 6 months to 31 December 201, page-3

Let's see if I've got this right, over $30m in cash, with receivables about same, yes COGS has jumped $11m in a year, but the increase in cow herd will explain that. Debt something like $2m with retained earnings mid $100m's, rediculously undervalued SP. Reminds me of the opportunities which abounded in Russia in the first blush of Capitalism, early US funds made a packet from buying up underpriced Russian private companies. If these figures are real, I can't see where they have been audited , then current SP @ .14c give you an annualised yield approaching 9% . I'm in today, the divvies, if they keep paying them, and there is no reason they won't with those retained earnings, are very compelling.