Lawn Hill and Riversleigh Pastoral Holding Company Pty Ltd
Waanyi, via Waanyi Advancement Limited and its subsidiary, Waanyi SPV Pty Ltd, is the owner of 51% of the Lawn Hill and Riversleigh Cattle Stations.
WAL and WSPC are endeavouring to acquire the other 49% of the Stations.
Since mid-2015 the Waanyi directors of LHR have taken an active role in the management of the Lawn Hill and Riversleigh Cattle Stations and the fortunes of the Cattle Stations have turned around with consistent profits.
The performances are demonstrated in the graph below:
Waanyi management also recognised that bank debt was growing and took action to reduce the debt from its high in 2014 to reduce it by over 30%.
Management remain committed to eliminating the remaining debt.
The level of bank debt has changed as follows:
At the same time Waanyi management has continued to grow the herd. The target being to increase the herd to a sustainable 75,000 head.
waanyiadvancement.com 