Member Info for Woodstein

Gabon is famous for the prolific growth of Okoumé trees in its forests. Okoumé makes up over 60 percent of timber production in Gabon.

It is so commercially important to Gabon that Okoumé is sometimes called "Gabon".

Valsen stated on 15 January 2025 at 9.30 am

"FYI

Okoumé is banned from sale in Gabon…"

Presumably Valsen had seen Okoumé mentioned, had done a little bit of inadequate online research and had reached the wrong conclusion.

Evidently Valsen then did a little more online research and realised they had made a major error and so at 9.38 am said;

"Correction: oukoumé is authorized for sale but it's not a precious wood."

Valsen presents themselves as someone who is on the ground in Gabon and intimately acquainted with forestry there and the Gabon timber business.

I have been watching from the sidelines and I am astonished that nobody has commented on the rudimentary error made by Valsen about Okoumé, which demonstrates that they know nothing about the timber business in Gabon and clearly have never have been in Gabon.

Saying that Okoumé is banned from sale in Gabon is equivalent to saying that single malt whiskey is banned from sale in Scotland.

Additionally, if you open the Woodbois website and select "Our Products" then "Timber " when you scroll down you will see Okoumé has pride of place as the very first type of wood listed that Woodbois sell. It is their main timber product.

Valsen will no doubt be a private share trader who seeks to affect sentiment negatively to depress the share price and buys on the falls and then sells on the rises and repeats the process.

All investors should research the company they are investing in. It is good to know about what they sell.