I still hold options, and will either convert or buy shares instead if they are cheaper at that stage (jan 09) and still unloved.
This is a long term hold, they have been bombed by natural disaters, US consumer market, dollar movements and production delays so this year they are getting a pasting. Once they starting kicking out the stuff on a regular basis it will stablise and they will turn a reasonable (but small at first) profit.
The big money is once carbon trading kicks in and things like carbon supply is measured in building standards. Bamboo will become the standard for office and shop fitouts for all major corporates who are trying to meet the objective of being carbon nuetral and dont want hardwood floors messing it up for them.
Did you notice how the directors kept buying options around 20c?
MTM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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