Well there you go, we got what we were after for it.It was a...

Well there you go, we got what we were after for it.

It was a very good result and sold to our neighbour and probably one of the largest
broadacre farmers in the country, they are no mugs and paid $11mil over the last
valuation for it, which should shore up our other properties valuations IMO

Once we pay the huge capital gains tax bill and probably some performance fees
depending on how much we make as operational profit, and a small dividend to
the OWNERS of the company and probably buy some more duxton funds and
more properties to diversify, actually how much of our huge debt are we going
to be able to pay down.

Dont get me wrong, I am wrapped with the news, I would have thought this
news was probably worthy of seeing us put into a trading halt when we were
aware that the property was under offer pending going under contract, or at
least before opening yesterday morning, IMO at least all orders should have been
purged when the announcement was made half an hour before close, how long
had it been since we knew that the sale was impending, or actually sealed

Just the extra $11mil over valuation is like 25cps to the shareprice, I would
think why we were trading at roughly a 50% discount to valuation would be
because of our huge debt levels, which will now be much more managable
and of much less of a concern to the going concern risk if the SHTF event
ever eventuated

Anyway, well done to Ed and the team, I'm surprised and thrilled by the
result, but the market doesnt really seem to be, I suppose there is still
the problem with operating profits or lack of them and the question of
where the funds will flow now that our coffers are replenished, but they
are questions that will be answered down the track

But for now I will sleep better at night

cheers grant