Could potentially damage their retail side being mt romance as that business is almost purely focused on the Australian sandalwood oil product and relies on the government wood supply. Mt romance is a significant cash earning vehicle for TFC and with the government now advertising for new tenders for supply of native sandalwood there is a real possibility mt romance have no raw material of Australian sandalwood to continue manufacturing their products. I would say the changes could have a significant affect. I can't see that the mt romance business model can convert to using their Indian sandalwood oil in the product lines as they would need to increase the product prices significantly based on the companies expectations of selling their oil at US$4500. then again they will be making huge amounts of Indian oil soon so they could possibly use any overstocked oil if demand in pharmaceuticals is not realised.
TFC Price at posting:
$1.30 Sentiment: Hold Disclosure: Held
