INVESTORS will have searching questions for Elders Ltd bosses at Thursday's annual general meeting in Adelaide.Many have already voted with their feet in the past two months with millions of shares traded down to a record low of 11 cents.
Company plans to sell its most profitable unit, the rural services division, will attract the most interest.
Elders has been able to refinance its core debt, which still stands at almost $100 million, despite concern at a continuing $60 million loss in the past year.
The rural services division made $29.5 million profit which accounts for the interest from 30 companies which have lodged interest in the buyout.
Chief executive Malcolm Jackman will provide an update on the sale process and has already said the prospective buyers were split between Australia and overseas.
The company this week announced the sale of its Indian Sandalwood assets in the Ord River irrigation area as part of its ongoing effort to sell out of its loss-making forestry operations.
The AGM will be held at the Adelaide Convention Centre starting at 10am.