FGH 0.00% 0.4¢ foresta group holdings limited

This company has done nothing much but waste shareholders money...

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  1. 198 Posts.
    lightbulb Created with Sketch. 18
    This company has done nothing much but waste shareholders money and pay themselves fat salaries for years.

    Rarely if ever met a deadline, always an excuse. Even if if the Qld plant hadn't blown up they were still never going to meet production forecasts (IMO).

    First biomass, then pine chemicals, suddenly lets switch to pellets and oh hang on lets switch back to pine chemicals and spruke an offtake when we haven't even started building a production plant ???!!!

    Have any of you spoken with the company, asked them how long till they can even get the boiler into the country (maybe 12 months at best probably more like 18)

    I hope FGH succeeds and have plenty of skin in the game but this company is a very, very risky proposition and people need to be aware of that and stop spruiking ill informed rubbish.

 
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