Takeover, page-10

Well there is that saying about leopards and spots Ichabod

Modus operandi is pretty similar, but I think old mate did try to take over
M and B some years back, without luck because he doesnt seem to like paying
over the odds it seems IMO, different situations require different approaches
but he same underlying thoughts apply

The way that he has got to control AACo without pushing the price up and
used our takeover laws to his benefit is like that of an old chess player and
now IMO he knows he is in a catbird seat, he has his people on he board
and I am sure he doesnt have to wait six months to get updates on how
things are progressing

IMO that is why we dont get good news announced and only get bad
news...its using psychological warfare agains shareholders making them
think that the SP will be stuck in the doldrums and cant advance
I would appreciate a TA persons view on the long and medium term
chart...from what I see every time it looks at breaking out above the
downtrend...it gets hit hard...just like playing wack a mole...trying
to break us

The problem that I think he has, is that he has underestimated
the political and social climate here in Australia...covid has brought
us closer IMO....a few years ago we would never have stood up to
China like we have recently...I thought common sense was
pretty uncommon but I was wrong... how we handled corona taught
me that most Aussies are still very proud and know whats right and
will do the right thing even if it is detrimental to their own interests

What benefits to this country is someone who is not an Australian citizen,
that lives in a tax exile country. that has history betting against his own
countries government and breaking the pound, has got indigenous
Patagonians off side or at least that has been reported by blocking
access to a sacred lake...what benefit does this bring to our country...
IMO none at all

Australia is not Patagonia, most Australians would be pi##ed if they
knew how much of Australia was being bought by overseas interests,
AACo is a special company because of its huge land holdings and
it near 200 year history...does anyone think that the FIRB is going
to rubber stamp anyone going over 50% holding...not here... not on
my watch...not without a fight anyway...I am sure many others
share the same feelings

After seeing who showed up at beef expo...it might be worthwhile
dropping a few emails to our city slicker politicians bringing to
their attentions what the long term plans may be for our largest
shareholder....maybe time to get proactive...or at least be what a
good boy scout is and be prepared

I think if old mate was ever allowed to ever go over 50% then he
may use the same tactics he used to get where he is now, that
is like a boa contrictor, just ever slowly increasing the stranglehold
he has, squeezing the life out of holders, I doubt we would get
any takeover premium, it would be more likely be quite the opposite
IMO, there would be a rush to sell out and the discount to NTA would
be greater than what it is now...that is why the discount is where
it is now...it is largely a fear by institutions and larger investors
of being locked into a minority position, it is my greatest concern
with my holding as well...but I no longer think that the FIRB would
allow this to happen..and my view of the upside for AACo is greater
than my fear of what the chance is of this happening

The above is my opinion only and is based on my thoughts and
what I have seen and read, I dont know anything about old mates
thoughts or objectives regarding his holding in AACo, I just have
a feeling, maybe its in my grandmothers blood...who knows

cheers grant