RE: Woodbois17 Jan 2023 12:23
Yes BOBO8989 - news that we get the permission for the initial afforestation project would be the kind of news that will lift the sp. On the subject of the current rate for Lumber futures, I don't buy that this is the problem affecting the sp. Sure, if Lumber futures go down, just like it swinging up again, will affect the sp - but, in my opinion, only marginally. The distressed selling of Rhino Ventures over a prolonged period was, in my opinion, what took the sp so low. After that, not unnaturally, other investors think there must be something wrong with the Company. The provisional figures for the year just past, prove quite clearly that they have done really well. Remember they did this despite the Covid pandemic, war in Europe where their market is historically strong. As a lth, I feel the trading outlook is excellent but patience is needed still with the sp.
Let's hope the afforestation project gets started soon.