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29.5¢ quintis ltd

Hey Hottuna. I just noticed you have changed your position to...

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Celeste_C

115 Posts.

15/05/17

07:23

Post #: 24683703
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Originally posted by hottuna ↑

You seem to be confusing sandalwood oil sales and plantation sales. Plantation sales are unlikely to match up to previous years given the exposure of QIN's business model, yield assumptions and end markets.

$5m of H1 product sales came from shanghai richer link, 5m from spicatum. That leaves about 7m of sandalwood oil/heartwood sales. That converts to around 40t of heartwood sold in the first half. They can't even sell their tiny harvest, let alone the larger ones to come.

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Hey Hottuna. I just noticed you have changed your position to "not held". Have you closed out of all your shorts? Why didn't you ride it out until the stock hits zero if you believe that was the way it was heading from the get go? Just curious.

QIN Price at posting: 46.0¢ Sentiment: Hold Disclosure: Held
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