ATM - A2 Milk Corporation Limited

[Ginger_steps_]

For now I think you should research more and post less.
I assure you no one from MPI would of been stupid enough to suggest dairy farmers could /should /would have a finger in both pies and you certainly did not hear it from any dairy farmer.

That was your own misguided suggestion that clearly shows you lack of knowledge and research about the industry.

how about no for a start, get over yourself second, take your head out of your live stocks backsides thirdly.
Are you suggesting a farmer cannot supply two different milk cos?

[NT001]

Please, Snapiti and Ginger steps, your childish ravings do nothing whatever to advance the purposes of this thread, and just show what total idiots both of you can make of yourselves. If you wish to continue, please use personal messaging.

[Ginger_steps_]

why don't you do your own research...... better still ask a few dairy farmers why it is not practical.
I would imagine the conversation will go two ways...... be very short cause they think you are an idiot or very lengthy because there are so many reasons why it is not practical.
But please don't be offended if they just laugh (at you) and do nothing else.
Personally I really can't be bothered explaining it to you but will refer you to my posts 2522 in which I have already listed 7 things for you to research about the subject.

I think you need to do your own research Snapiti because..... YOU ARE WRONG. Furthermore YOU DO NOT KNOW exactly what takes place for, and how individual farmers structure their supply agreements across Australia. I have relayed the information as it was delivered to me, by a farmer far superior to yourself, and therefore reiterate that the are just OUTRIGHT WRONG.

As proof that LARGE suppliers are using the format mentioned earlier i leave you with this extract from Fresh Agenda (http://www.freshagenda.com.au/about)

Supply arrangements for farmers in NSW
•In NSW as in other Australian regions, and most developed dairying regions around the world, there are generally exclusive supply arrangements between individual farmers and a single processor.
•Traditionally this has allowed dairy companies to specify and differentiate quality and delivery parameters based on their product requirements. It has also given farmers the ability to deliver all their milk to a single buyer.
•In NSW, drinking milk processors such as Lion and Parmalat, with generally much tighter requirements for quality and daily intakes have legally binding contracts with their suppliers, and allow for longer‐term agreements on price. They also tend to specify the volume of milk to be supplied.
•Manufacturers such as Bega and Murray Goulburn tend to have open‐ended agreements with farmers that can be terminated by farmers and do not specify the volume to be delivered.
•While exclusive supply arrangements have been the norm, some larger suppliers have negotiated delivery of their milk to different processors by segregating supply and maintaining separate infrastructure for pick‐up.

Did I say by the way YOU ARE WRONG?? Can i suggest you continue "farming" your large pile of bull*&%@, organise a multiple supply agreement for your ego, as well as your mouth, and proceed to consume your product to further illustrate my point that you are full of S%#T.

[biker]

I think you need to do your own research Snapiti because..... YOU ARE WRONG. Furthermore YOU DO NOT KNOW exactly what takes place for, and how individual farmers structure their supply agreements across Australia. I have relayed the information as it was delivered to me, by a farmer far superior to yourself, and therefore reiterate that the are just OUTRIGHT WRONG.

As proof that LARGE suppliers are using the format mentioned earlier i leave you with this extract from Fresh Agenda (http://www.freshagenda.com.au/about)

Supply arrangements for farmers in NSW
•In NSW as in other Australian regions, and most developed dairying regions around the world, there are generally exclusive supply arrangements between individual farmers and a single processor.
•Traditionally this has allowed dairy companies to specify and differentiate quality and delivery parameters based on their product requirements. It has also given farmers the ability to deliver all their milk to a single buyer.
•In NSW, drinking milk processors such as Lion and Parmalat, with generally much tighter requirements for quality and daily intakes have legally binding contracts with their suppliers, and allow for longer‐term agreements on price. They also tend to specify the volume of milk to be supplied.
•Manufacturers such as Bega and Murray Goulburn tend to have open‐ended agreements with farmers that can be terminated by farmers and do not specify the volume to be delivered.
•While exclusive supply arrangements have been the norm, some larger suppliers have negotiated delivery of their milk to different processors by segregating supply and maintaining separate infrastructure for pick‐up.

Did I say by the way YOU ARE WRONG?? Can i suggest you continue "farming" your large pile of bull*&%@, organise a multiple supply agreement for your ego, as well as your mouth, and proceed to consume your product to further illustrate my point that you are full of S%#T.

Why don't you tell him how you REALLY feel

[Casino]

I think you need to do your own research Snapiti because..... YOU ARE WRONG. Furthermore YOU DO NOT KNOW exactly what takes place for, and how individual farmers structure their supply agreements across Australia. I have relayed the information as it was delivered to me, by a farmer far superior to yourself, and therefore reiterate that the are just OUTRIGHT WRONG.

As proof that LARGE suppliers are using the format mentioned earlier i leave you with this extract from Fresh Agenda (http://www.freshagenda.com.au/about)

Supply arrangements for farmers in NSW
•In NSW as in other Australian regions, and most developed dairying regions around the world, there are generally exclusive supply arrangements between individual farmers and a single processor.
•Traditionally this has allowed dairy companies to specify and differentiate quality and delivery parameters based on their product requirements. It has also given farmers the ability to deliver all their milk to a single buyer.
•In NSW, drinking milk processors such as Lion and Parmalat, with generally much tighter requirements for quality and daily intakes have legally binding contracts with their suppliers, and allow for longer‐term agreements on price. They also tend to specify the volume of milk to be supplied.
•Manufacturers such as Bega and Murray Goulburn tend to have open‐ended agreements with farmers that can be terminated by farmers and do not specify the volume to be delivered.
•While exclusive supply arrangements have been the norm, some larger suppliers have negotiated delivery of their milk to different processors by segregating supply and maintaining separate infrastructure for pick‐up.

Did I say by the way YOU ARE WRONG?? Can i suggest you continue "farming" your large pile of bull*&%@, organise a multiple supply agreement for your ego, as well as your mouth, and proceed to consume your product to further illustrate my point that you are full of S%#T.

Somebody identified a gap in your knowledge/understanding and was kind enough to point it out to you. All you have to do is to say thank you and factor it in when you make investment decisions. Unfortunately, people who are drawn to high-risk investments are often cognitively jeopardised same as gamblers making healthy debate cumbersome if not pointless.

What you have laid out above is nothing but what is known as clustering illusion.

[Ginger_steps_]

Somebody identified a gap in your knowledge/understanding and was kind enough to point it out to you. All you have to do is to say thank you and factor it in when you make investment decisions. Unfortunately, people who are drawn to high-risk investments are often cognitively jeopardised same as gamblers making healthy debate cumbersome if not pointless.

What you have laid out above is nothing but what is known as clustering illusion.

there was nothing kind about snapitis condescending posts. Furthermore my knowledge is not what should be in question (never claimed I was knowledgable on dairy) but rather the accuracy of the information passed on by me - which I have provided proof the scenario exists and therefore is not incorrect. If it was "not practical what so ever - then why is it happening? Clustering illusion. Ha. Nice one. Bottom line, specific to my argument ginger = right, snapiti = WRONG.

[Casino]

there was nothing kind about snapitis condescending posts. Furthermore my knowledge is not what should be in question (never claimed I was knowledgable on dairy) but rather the accuracy of the information passed on by me - which I have provided proof the scenario exists and therefore is not incorrect. If it was "not practical what so ever - then why is it happening? Clustering illusion. Ha. Nice one. Bottom line, specific to my argument ginger = right, snapiti = WRONG.

That's known as overconfidence effect.
http://en.wikipedia.org/wiki/Overconfidence_effect

[winner69]

Besides clustering illusions I learnt a new word today

Apophenia

Thanks guys

[Snoopy]

Snoopy what do you mean by IP weakens ?

I am talking about the gradual expiry of different patents in different markets associated with A2 over time.

I am also talking about the reduction in cash balance from $20.2m to $16m over the past year and the minimal progress (in terms of market penetration) made in other markets over the last year. I am talking about the significant infrastructure needed to be created to support the supermarket supply chain in new markets. I am talking about the comparisons with growth software companies some here are using. Show me how to store milk on a hard drive and deliver it to the consumer via a modem and I'll take those comparisons serioiusly.

I am talking about Keith Woodford's view that ATM should not yet have gone into China, as they are already in more than enough markets to fully occupy the capital available to them. However, I do understand the urgency of the push to get A2 established before the wall of patent protection starts to expire. In my non-expert opinion, ATM are taking on more markets than they should because the expiry of patents is influencing their time frames for expansion.

I have probably gone too far calling it a 'death spiral' at this point. But if your capital growth cash requirements cannot be met by your growth in Australian revenue (the only market generating positive cash of significance), then you have a situation of your cash balance going backwards until.....

And that situation isn't changed by any positive spin coming out of Australia. I know ATM keep insisting they can fully fund their growth from Australia. To me this only rings true if they can bring a market like the UK into profitability as well. By my reckoning they only have a couple of years to do that. Conquering the world from Australia is not a credible long term plan IMO.

SNOOPY

[Ginger_steps_]

That's known as overconfidence effect.
http://en.wikipedia.org/wiki/Overconfidence_effect

Still WRONG. https://m.youtube.com/watch?v=Rb76sXEF4wM