Grower angst is another reason why the current board has failed. Growers ultimately want the highest price for their wood which based on the last nine months the current board and relevant senior management can't deliver. No end market sales = no return on investment for growers. If the new consortium can achieve the highest sales price for grower wood then why would any grower group not work with the consortium?
A change of control is the most efficient and most likely means to achieve a new capital injection in my view, the fact a recap or t/o hasn't been achieved to date is another fail. We are still waiting after six months, only slightly longer than it took them to produce a balance sheet for the annual report...
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
