Snoopy you might be right on opening day, regardless most of the investors have only paid $1 for their shares and i guess the new investors who paid $1.50 might be at break even short term but they're buying in for a longer term investment, as their prospectus showed they'll make a loss in first year and dependant on their growth they might turn a profit second year they list with a div expected in 09.

Maybe MacDunk might think that but give it time one will be wishing they had got in early as we did.

Some farmers might be selling down on list but good times are still coming for farmers at the consumers expence. Fonterra are trying to keep their farmers from going to independants to sell their milk so paying higher prices, then just charge the consumers more to cover that top up.

Hopefully they also expand over the boarder one day to Brasil as land there is varst and well priced also.