eucalypt trees site location,characteristics of soil depth,soil water storage capacity and undergroung water tables assisted short term water deficits
olive and almond trees watered by micro irrigation system water allocation xpressed as a % of permanent water rights based on mature trees and as both projects do not have mature trees at this stage then access to temporary water via the water mkt is not a problem in addition to normal access of water
1992 eucalypt tree plantations in wa currently being harvested and woodchipped via on site method for later shipment to japan processing on site will mean higher prices for investors as costs are reduced tim have concentrated on seed genetics,site selection,nutional analysis and mgmt(processing and sales)
60m annuity style revenue locked in for 2003
operations update - harvesting eucalypts in jan 2003 olives in autumn 2003
olive processing: expected to process 50,000 tonnes of olives a year producing 10m litres of olive oil worth about 45m a year
almonds: project at robinvale totals 1350 hectares after 203 hectares planted expected to plant a further 1100 hectres in 2003 with a 5 year target to = 4000 hectares at maturity 14000 tonnes of almonds will be produced each yr(that's a lot of vitamin A!) first harvest due early 2004 and hot climate weather good for trees
in 11/02 a 1m woodchip receiving,stock piling and loading facility was built @ port bunbury costs will be cut in transportation,handling,and quality control
jv formed with integrated tree cropping ltd (itc) in10/02 and tim will build a woodchip xport facility at albany in 2003 approx 5hrs from perth
full yr ended date now is 30/9 half yr ill be 31/3
debenture stock issue closed in 11/02 more than twice oversubscribed! 11m raised will be used to fund premium land purchase for lease back to investors in tim projects
feb 2003 will see a new look web site up and running and the site will be more interactive and provide data on all projects
2003 will also see more projects come to market for investors
i've taken someones info into account and decided nows a good a time as any to 'get those other ones' i am not an advisor please read the red stuff down below and consult your own dodgy advisor - SELL!
TIM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
