Does anyone have a handle on what inferences can be drawn from news that Elders is selling its 15 Sandalwood estates?
I read a news report a couple of days ago that Santanol, backed by an undisclosed foreign buyer is possibly buying the plantations at a circa $70m value.
Article didn't state the size of the plantations, age, ownership or management/ fee structure so hard to infer anything to TFC as a result.
Does anyone have any further information that could assist in guesstimating what this may imply as a valuation for TFC's Sandalwood plantation ...
I note that TFC price is holding up well and is now pushing onwards and upwards again.
Cheers
John
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