I was hoping this sector would boom due to the massive amount of publicity flowing through, but it seems to be slower catching on than I thought.
This stock looks like a no brainer:
CCF -
1. Market cap $28m 2. Currently profitable ($900k last FY) 3. $180m in contracts to be exercised with the carbon tax in place - ie from what I see already negotiated waiting for the tax to pass. 4. Plantings to increase 5 fold this year to take into account the increased demand expected 6. Plus potential to boom if this becomes the next "hot" sector
I assume what will happen is that the unexercised contracts ($180m) will be announced as we move closer to June 30, plus new contracts that they secure.
They sell the carbon credits for lower than the tax rate so why wouldn't companies buy them from CCF?
In a trading halt for a capital raising so probably a good time to buy as the SP falls off a little.
