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I naively think Cobram valuations by the directors at 6 monthly...

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    I naively think Cobram valuations by the directors at 6 monthly intervals would be approximately right for there are comparisons available.

    My only reservation is that the world market for olive oil could have a shakeout.
    I remember travelling through Spain for 5 hours in a bus along the main highway at 90 km/hr through olive plantations with young trees spreading from horizon to horizon. That's 4000 sq km of olives coming into production. The young trees looked to have been planted as a make work project after the 2008 financial crisis.

    Yes You are probably right about HEXIMA -- The price has collapsed so the next valuation will be much reduced
 
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