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Dairy farmers who attended MG's meetings at Maffra and Leongatha on Monday told The Weekly Times MG management used the $3 price as an example of what MG shares could be worth if some shares were floated,[url=http://www.mac--cosmetics@#$%&/]mac cosmetics outlet[/url].
However,[url=http://www.oakleyvaultsunglasses.us@#$%&/]oakley prescription glasses[/url], the company told The Weekly Times the meetings were a consultation process it was working through with shareholders before going back to them with a full proposal in March. "Nothing is yet finalised. Yesterday was the first of a series of consultation meetings which will run until the end of January."
Reports from Monday's meetings also confirmed that MG had suggested it would list 70,[url=http://www.@#$%&-rosherun.fr/]@#$%& rosh run[/url],000 share units for external investors.
MG suppliers were told the average co operative member supplies 100,[url=http://www.hollister-abercrombie.fr/]hollister france[/url],000kg of milk solids a year or 1.5 million litres. Under this new proposal this would mean that a supplier would need 100,[url=http://www.oakleysunglasses.in.net/]oakley crosshair[/url],000 share units.
The Weekly Times understands 57 per cent of MG suppliers have more shares than they require,[url=http://www.insanityworkouts-calendar@#$%&/]insanity calendar[/url].
Some young dairy farmers were concerned they would need more debt to fund more shareholding to match milk production,[url=http://www.toryburchoutletshoese@#$%&/]www.toryburch@#$%&[/url].
Others feared the proposal could devalue farms as shares would be needed to supply MG on top of other business costs,[url=http://www.raybansunglassesoutleta@#$%&/]cheap @#$%& sunglasses[/url].
MG raised the idea of external capital raising at its annual meeting in Melbourne last month,[url=http://www.raybansunglassese.co.uk/]ray-ban[/url].
At the time MG chairman Philip Tracy stressed the processor would remain a co operative with 100 per cent farmer control,[url=http://www.hollisteruk.co.uk/]hollister sale[/url].
MG managing director Gary Helou told the meeting the co operative needed "many hundreds of millions of dollars" to fund infrastructure upgrades,[url=http://www.louboutin-outlet.us@#$%&/]red bottom shoes for men[/url].
He said the proposal could be modeled on Fonterra's Trading Among Farmers,[url=http://www.poloralphlaurenoutletonline.us@#$%&/]@#$%& polo shirts[/url].
Last week at the Warrnambool public meeting to discuss its bid for Warrnambool Cheese and Butter Mr Helou said,[url=http://www.guccihandbagsoutlet.in.net/]gucci sunglasses[/url], when asked about the external capital raising proposal,[url=http://www.truereligionjeansoutlet.in.net/]true religion clothing[/url], that it would strengthen farmers' balance sheets.

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