Market update on S5 Progress, page-102

First 102 Last

Share
Profile

Follow
BazzleDog

5,003 Posts.

11

25/07/17

05:58

Post #: 26053407
Share

Originally posted by Amused observer ↑

Agree, 1AG is only at the farm level, or has stated such, by putting pen to paper about a potential System 5 dairy farm operation. The problem is they are nearly 200kms away from the closest processing plant being Brownes in the Balcutta or possibly Lion in Bentley and that is one very large hike each day. Brownes aren't taking on suppliers at the moment and Lion will need to gear up over the next 3 years. Having said that for 1AG to go from where they are today to having a fully operational System 5 dairy farm will be no less than 3 years away and anything can happen between now and then. So I can't see the share price going anywhere whilst they contemplate this option and for my money I can't actually see them proceeding with it either once they get up close and personal with the financials and the risks.

Harvey Fresh is in a better position to pick up the milk from the SW corner due its it plant proximity, so Lion has its work cut out to secure a milk supply and its processing upgrade doesn't change its product profile much, if anything, from the current drinking milk for the WA market.

1AG would be better served looking outside dairy as they just seem to miss the mark, a bit like the now defunct Linear Capital or Aerem. Something different like honey maybe or even something as simple as a share buyback and delisting maybe - nah can't see Stoney and the McBains doing the right thing by minority shareholders when they can string them along and fleece them at the same time. Maybe wool....over the eyes would be a good punt.

Expand

He has interests in and advises other dairy farmers in the area and comes on the 1AG thread periodically to bad mouth 1AG.

1AG Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

HLX

Helix investor makes partial takeover bid, proposing board changes

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

There are more pages in this discussion • 75 more messages in this thread...

First 102 Last

Add 1AG (ASX) to my watchlist

Market update on S5 Progress, page-102

Top Stories

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Lendlease sells off US east coast construction operations in latest global divestment push

Helix investor makes partial takeover bid, proposing board changes

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Featured News