Ann: Response to ASX Aware Query, page-25

I have been watching since before IPO and all sounded very promising. Since then I have been watching from the sidelines to see how it all plays out given that I do not know much about the industry as only a somewhat informed layperson. I had an opportunity to buy in about 45 mins ago @ 71c/72c, but stopped myself. We'll fine out very soon if that was a bad decision or not I imagine. While I do believe strongly in the fundamentals (e.g., overseas demand for quality Australian cattle), I need to bone up on the risk side so I know more fully what I may be getting myself into.