Everything you seem to say about this stock seems to be scaremongering:
1. Government ruling out companies with single species plantings - incorrect.
YC - We are all (yourself included) yet to see any detail relating to exactly what qualifies as a compliant carbon sink. Details have yet to be released by the government.
2. Myrtle's Rust migrating from QLD to WA (by train)or by sea (submarine) to NZ.
YC - rust is an air borne pathogen which will readily spread around southern Australia on the wind or in the higher jetstreams. The tea tree industry is also bracing itself for this disease in NSW (google it)
3. Now a water interception Tax? Firstly its marginal, salinity affected farmland where CCF normally plant, not replacing farmland. Secondly you really think the government is going to hinder companies like CCF after this momentous announcement?
YC - mallees do not grow on saline soil. The water interception tax or levy will be applied to stop carbon sinks moving into prime farmland but could also be applied to stop too much land moving away from food production. See (page 11) link below:
On the questions of government hindering these companies. Sure why not. They have done it up until now for many years changing the goal posts and generally providing investor uncertainty ...
Today was the day to sell your shares ...
www.csiro.au/files/files/p10tz.pdf
CCF Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held
