Congrats...and for you-and all investors-I wish you every success.
IMO, there is still less than a 50:50 possibility that BAL will not gain key China Licences and Approvals for 2018 onwards...
...add to above:
(a) massive unsold dated stock;
(b) increasing bank debts;
(c) a very complicated and costly manufacturing system-both in OZ and overseas- with excessive lead times tying up money;
(d) Lien x 2 over stock (Bank plus Packer) and assets;
(e) poor cash-flow;
(f) Manufacturing/Packing Contracts which commit BAL to volumes and prices with less certainty now of future sales;
(g) no dividend prospects for 2017 and 2018;
Thus, on basis on current Balance Sheet: BAL is worth very next to nothing!
A MC of $500m is simply not realistic! It's in cuckoo land...
...and thus, so too is current Share Price.
News: BAL Bellamy's Australia announces election of John Ho as its new chairman, page-12
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