RE: 1.1p on the bid27 Nov 2018 14:00
Agree,I'm astounded by the silence form the company towards shareholders surrounding recent events. Its an absolute shambles. Life changing paper & real losses for those who have sold. The CTL isn't what we were expecting if we're honest. Pretty sure the first RNS stated that each licence gave 500,000 cubic meters & the confirmation stated this being the total across the two unless I'm mis-reading the first article below.
From the first..
Each permit is issued with a five-year revolving renewal facility relating to the Annual Allowable Cut ('AAC') of 100,000 cubic metres per annum, which equates to 500,000 cubic metres over five years.