Most recent Annual Report
Shareholders funds used to purchase shares $1.7m
Value of these at the year end $1.4m
Write down after the year end (P33)$570k
A write off of over half the original investment value of shareholders funds ($870k) in a year.
Interesting Investment strategy
For some reason the directors have omitted to mention this in their own report, P8
Lets hope the timber project makes up for this
