All of this is just personal opinion but IF this company can get its legacy debt under control, it should recover.
THere is also the unlisted boundary bend right next door to its grove, which owns about 6% of rla and is Australia's largest producer. I would not be surprised if boundary bend go for growth via acquisition eventually due to the fact that no-one is planting more from scratch - too easy just to buy out the farm next door.
IMF graph of world olive price is also showing tentative signs of recovery of record lows, and the SPanish might finally be offering some storage assistance which should further support prices. THese factors also support a recovery.
RLA Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
