WarnieIt's simple.With hold 60% of the project's progeny from...

Warnie

It's simple.

With hold 60% of the project's progeny from market thereby creating a "shortfall". Invoke the minimum annual cost obligation and invoice MIS investors a shortfall amount of $355 per Drove in respect of the 12 months ending 30 June 2008.

Who wouldn't bail out in those circumstances, especially if it is going to be a recurring event?

What the cattle project investors should be asking is why was 60% of their progeny with held from market? These cattle now belong to GSL who are going to sell them, regardless of market conditions.

Incidentially, the Meat and Livestock Association is forecasting beef prices to rise during 2009 as a consequence of herd rebuilding constraining young cattle supplies.

In whose interest was that decision made? You can be assured it wan't made in the interest of the MIS investors.