ABC Rural News posted about an hour ago
"There is a gentle scent of Indian sandalwood wafting over the Kimberley's Ord Irrigation Scheme in Western Australia, as companies begin their 2017 harvest of the exotic timber.
Santanol, the Sandalwood Sanctuary and even Quintis are all busy harvesting this week.
The ASX-listed Quintis has been in a trading halt since May 15 following a share price crash, which was triggered by revelations the board was unaware the company had lost a major customer back in December.
Quintis told ABC Rural it had started harvesting up to 107 hectares of sandalwood in Kununurra, and that the watering and maintenance of plantations across northern Australia had continued as normal.
Away from the paddock, it is understood Quintis is finalising a response to ASX enquiries, while also investigating potential take-over bids.
The company was expected to exit its trading halt on June 7, but could be making a significant announcement as early as today."
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
