Ridley Corporation Ltd T.RIC

Primary Symbol: RIDYF

Consumer Defensive Farm Products

Ridley Corporation Limited is an Australia-based provider of premium animal nutrition solutions. The Company operates through two segments: Packaged Feeds and Ingredients and Bulk Stockfeeds. The Packaged Feeds and Ingredients segment comprises animal nutrition feed and ingredient solutions delivered in packaged form, ranging from one ton down to three kilogram bags. It also includes the Aquafeed Business Unit. The Bulk Stockfeeds segment includes animal nutrition stockfeed solutions delivered in bulk. Its specialist areas include Aqua Feeds, Bulk Ruminant Stockfeeds, Bulk Monogastric Stockfeeds, Animal Proteins & Oils, Commodities, NovaqPro, and Primo Aquaculture. It manufactures and supplies a complete range of prawn/shrimp feeds and fish feeds for species, including Monodon, Vannamei, Banana, and Stylirostris prawns. It is also a provider of dairy feed, cattle feed, and sheep feed. It provides bulk stockfeed for monogastric animals, including layers, broilers, pigs, and ducks.

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Ridley Corporation Ltd

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Post by gldblvon Nov 23, 2009 11:14pm

529 Views

Post# 16516668

Evaluation

Ok Ric in Q3 made 16,840oz sold at average price of $1,052can and made $200k profits.

If they simply keep that rate of production in Q4 they will sell their gold at an average price of $1200. That is an extra $148per oz. That is a extra $2.5M of profits.

With this gold price going up in $can Ric as the potential of making over $10M a year profit. That plus the cash on hand Ric is undervalued. We should easily reach $5

The price of gold in $US was going up but in $can it was still behind the latest peak. Now gold is about to breakout in all currencies.

Look at this graph :

https://www.infomine.com/investment/charts.aspx?c=gold&u=oz&submit1=Display+Chart&x=cad&r=3y#chart

GLTA

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