AKK 0.00% 0.3¢ austin exploration limited

Ann: Chairman & CEO AGM Address, page-7

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  1. 20,480 Posts.
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    SL
    As I said to gassed on another thread , one can do anything with enough assumptions . I will use the same theme with some assumptions

    I have a farm operation , It's in my back yard . It is a world class operation
    I have four sheep
    The pay back is 1 year
    They cost me 200 dollars to buy and I intend to sell them for 400

    Assumptions
    My sheep will be the fasting growing sheep in Australia
    I haven't included food for the sheep
    I haven't included water
    I haven't included vet fees
    I haven't considered mortality
    I haven't included labour
    I haven't included transport costs
    I haven't include costs to rent my back yard
    To sell these sheep I will need to hire someone else , but I haven't included that
    Haven't included taxes on any profit

    But I can on the above assumptions produce a slide showing an impressive IRR . By the way , when sheep are selling at 230 a head , I like to state its s highly profitable operation
    The company will be names Austin Agriculture . I will release some pictures of the sheep being weighed a couple of days for the AGM to ensure shareholders are feeling bullish and vote for the resolutions including remuneration
 
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