bought some of these today as expect the sp and dividend will be increasing quite a lot over the next few years.
that Bloomberg article a few weeks back looked very good.
whilst transport cost to export the sandalwood is probably quite high/t, the costs will likely increase in line with production.
all being well Wyndham will have a direct shipping service in 3-4 years,
on the back of the Seadragon Prawn venture - assuming the development goes ahead.
I think a big investment decision on that is due soon.
if it all comes together in 3-4 years, the high transport costs getting the sandalwood to the export port will be almost nothing about the same time as sandalwood production increases significantly
TFC Price at posting:
$1.46 Sentiment: Hold Disclosure: Held
