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29.5¢ quintis ltd

Ann: Credit rating change (S&P), page-34

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hottuna

3,053 Posts.

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28/06/17

13:30

Post #: 25539177
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Originally posted by Oscar09 ↑

Of the five customers identified in March as having multi-year contracts for the purchase of wood or oil, two of those are known to have lapsed: Shanghai Richer Link (at an average of $US150,000 a tonne for timber) and Galderma (at $US4500 a kilogram).

This timber is priced like gold.
Amazing prices they were getting, need to renegotiate obviously but US $150 000 tonne.
My firewood is $200 tonne.

Discount it by 25% , still roughly US $115 000 per tonne . Simply amazing.
And they 12 thousand hectares coming into maturity over coming years.

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and I reckon to sell that much they'd need to sell it for closer to firewood prices than the make believe prices they've sold tiny quantities for. Supply up, price down.

QIN Price at posting: 29.5¢ Sentiment: Sell Disclosure: Not Held
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