Chart Update, page-940

Interesting times ahead, would not surprise me one bit if we receive an announcement this week in order to clear the decks for Jayne next week.

Some big assumptions being thrown around here on growth etc. This is the only concern I have moving forward, expectation vs reality!!!

A 50% growth assumption is huge and comes off a much higher base. I mentioned this a long time ago, do we have the capacity to hit these types of suggested growth levels, is it the best strategy at this point, what's our geographical focus and are we planning to flow supply towards these areas and potentially away from others, if supply constraints present themselves. I'm certain mgmt has this well in hand, i.e. Synlait announcement etc.

Its nice to dream and can be very empowering however reality always steps up to slap you in the face, let's keep it real and avoid unnecessary disappointment.

GLA

Cheers

Kosy