1. Glaucus report is well aware of what Quintis claims Sandalwood Auction prices are, and they dispute them. We cannot simply state "but Quintis says it's x amount", because we'd just be going inc circles. Can anyone source this data independently?
2. I still don't understand why Quintis gleefully announced that they outbid the next highest bidder by 10%. Firstly, it's a huge margin breaker for Quintis, why not outbid by 1%? Secondly, this price is around half of the market price in point 1. Does this indicate a lack of demand?
3. I don't think it matters what price Glaucus quotes. I have re-checked Zauba, it looks legit. If we can agree that the prices were for sandalwood oil (whatever kind), then the real issue I see is that India is importing very low quantities (globally). Thus the quantity of Indian Sandalwood Oil they are importing must be minuscule, as it is not inflating the average price. India is quoted as being one of Quintis' largest markets.
4. No comment
I'm considering buying in if I can get over these problems. Let's get to the bottom of this.
QIN Price at posting:
$1.04 Sentiment: None Disclosure: Not Held
