strong quarter

Frankland River Olives posted a 73% sales gain for the for the nine months to March. The current harvest (just underway) will underpin further substantial growth in 2008 and should lead to maiden profits of 4cps. In two years time the current share price of 17 cents will look very cheap. Net assets at December were $31.8m (about 65cents) but the present market cap is only $8.5m.

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