re: Ann: TFS Announce Formation of Joint Vent...
As usual any details of developing yield potential are scant and for any other crop would warrant serious concern out of its funding base. We know there are markets for sandalwood, what the market wants to know is how oil yields are tracking. If they can pull trees to distill oil (as done in a recent media release) they can certainly discern developing per hectare oil yields albeit crudely but in a manner that provides certainty to investors.
Its crunchtime for this MIS model given June 30 is approaching and funds will be hards to garner. There is more attention going to be paid to the underlying commodity aiming to be produced ...
Where is the yield data? The ASX should be asking these questions ...
TFC Price at posting:
$1.05 Sentiment: LT Sell Disclosure: Not Held