Well, my suspicions were correct, there was no way they could continue as was without an injection of capital. Might be worth a hard look in 12 months, however, if this raising doesn't suffice, as in to carry them over till cattle numbers have increased, can see it struggle for some time.
Pleased I sold the remainder last Monday.
Had a gut feel things were not great, long term they should be okay, will watch for lower prices when value is apparent for the longer term.
Ann: Wellard to raise $52 million, page-21
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