still at a discount to nta, page-4

ane - dips are opportunities here Whenever this comes out with negative news and it dips heavily buy it. I've had two very successful trades on this one in the past 12 months. A constantly increasing NTA is a huge floor under it. Production and sales are down (ie recent profit downgrade) but the land and standing timber is not going to depreciate. Director also bought in at $3.06 (from memory) and it's gone nowhere but up this week. I don't expect it to rise much further though after the rally this week.