Sino Agro Food Inc (fka SIAF)

[snow]

GRDTRI

Thanks for a very valuable post. I think it increases the credibility of SIAF, which is what matters the most as long as the pps is less than 10 % of what seems reasonable. The way I read your post I think it is likely that earnings this year will not be as high as 8 dollars per share. One reason is that those who expect high growth in earnings per share are too optimistic about the contribution from the abattoir and possibly the Mega Farm.

As far as the Mega Farm is concerned, after the initial I
ïnvestment it is supposed to use its profits to finance further development over a period of 20 years. I wonder whether you want to soggest that this is unrealistic.