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$1.31 tfs corporation limited

Ann: First Buy-back Offers Made to Acquire MIS Assets-TFC.AX, page-26

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SA1588

818 Posts.

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12/05/16

13:19

Post #: 17747411
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Originally posted by SA1588 ↑

I do not understand your concerns.

TFC conducts an auction for the MIS harvested hardwood. The last two harvests TFC has purchased the MIS supply (small quantities) at an oil equivalent price of $US 4,500 per kg.

TFC has a strong, material self interest for the market price to remain high.

TFC has established new customers in China. It has pre-sold its own 2016 and 2017 stock at the $US 4,500 per oil equivalent price.

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Sorry, my post contains an error. As explained by Bookend TFC purchased the 2015 harvest at an oil equivalent price of $US2,400 per kg.

TFC Price at posting: $1.53 Sentiment: Buy Disclosure: Held
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