These quarterly results mean nothing. Even the half year results are useless. This is due to the extreme seasonality of the harvesting and raw product sales. We only get a reasonable idea of results when the annual accounts are released, or when they provide an estimate closer to that. The projected cash increase by 25% is heartening, but it is still too far away to say any more.
Strange that they are one of the few companies which release quarterly results.
TFC Price at posting:
$1.46 Sentiment: Hold Disclosure: Held