making sandalwood while the sun shines - :-)

In the recent TFS / TFC market update; http://www.asx.com.au/asxpdf/20090914/pdf/31kqbsggwxx8c6.pdf

Page 31 on - TFS high lighted that it would use capital raised through the share purchase plan to advance growth opportunities including the development of the Kingston Rest property IN ADVANCe OF NON MIS sales to funds....e.g. through carbon trust.

The following article indicates that development is proceeding on the Kingston Rest property which supports a very positive outlook for fund interest in plantations!

"The company is redeveloping an initial 1400ha, with the possibility of having over 2000ha of irrigated land ready for plantations."

"The company is redeveloping an initial 1400ha, with the possibility of having over 2000ha of irrigated land ready for plantations....and the first areas of land will be ready for planting by April next year.""

"The work at Kingston Rest is providing a snapshot of what will be happening in the nearby Ord Irrigation Scheme over the next couple of years."

"The WA Government has recently allocated $220million to expand the irrigation area by a further 8000 hectares."

Full article;
http://www.abc.net.au/rural/content/2009/s2692945.htm

SD