what is happening?

I used to have great faith in this stock & held almost 100,000 at one stage. The market has down graded it (strange how this happens to under-performing stocks) & the six monthly accounts justify the downgrade. On the TFC website they have not shown the results of the last Tamil Nadu auction & a further 6 month's growth of owned sandalwood does not show a real increase in value in the Financial Accounts.
Also, while they say they still expect to get 500Ha of beyond Carbon sales there is no mention of sales to date & maybe there was none in the year to date.
The first BC payment is expected in April & it will be very interesting to see if 35M is received.
Finally, MT Romance is trailing last year in spite of advice in the Annual Accounts that sales were only deferred & would come through this year.