Ann: Chairman & CEO AGM Address, page-8

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gassed

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21/11/16

20:20

Post #: 20774705
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Originally posted by Autosime ↑

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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Three out of three within minutes. How predictable!!! DYOR. Let's see who has the last laugh. That last one is unbeatable, 4 sheep versus 390 wells!!! ROFL!!!

AKK Price at posting: 0.6¢ Sentiment: Hold Disclosure: Not Held
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Ann: Chairman & CEO AGM Address, page-8

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