2020 39000 trees valued, at 3500 per kilo and heartwood of ten equals 2000 a tree. Almost double plant success rates in subsequent years. Breaking into India and China will happen . It is very difficult to find real oils in Indian made products. The artificial industry is rife.
Sure Modi has plans for Indian Sandalwood and is implementing them and there is competition in fifteen years from a few countries , but that is another subject.
What worries me is if the company thinks its business as usual. Whether they can sober up with spending. Ensure changes to disclosures good, bad or merely materially informative, ensuring access to forestry information from independent companies to us, Declaration of any deals we should be aware of.
If all goes well we need minority shareholder representation . Many of us have very valid questions we need assurances
Trav is right re debt holder. Can BR be assured of interest payments and walk away in a better position later ( they would be factoring in the shorter term here as well) rather than accept insolvent position.? Those books and the maths is something we can only speculate on. We do not know.
QIN Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
