Farmers take the emotion out of it take the cash and move on.
Mgc is way to heavily geared, has a very bad structure and bad leases in place which no company wants as cost is double the cost of capital from a bank
For fk sake when you talk valuations include the debt and ballon payments on 2 leases on 2 processing plants. You just talk equity that is not how you value a company
And the fact mgc has lost 1.9 bn litres of milk since listing
Take the cash and look forward not backwards
The Chinese will pay you a lot of your milk like Barra
Commonsense boys commonsense
Nobody thinks you are stupid we are all stupid for buying units or believing the rubbish from old mgnt
MGC Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
