See newspaper article....

See newspaper article.

https://au.news.yahoo.com/thewest/wa/a/31229595/equity-raising-to-expand-tfs-holdings/

I was not aware the purpose of the capital raising is to buy back MIS investors.  I am surprised TFC is not using the funds to plant more trees.  Maybe, it suspects the auditor will require TFC to increase the price used to value its plantations.  (I suspect the auditor required TFC to increase from $US2,500 to $US2,800 around March 2015).  Thus better to purchase MIS investors at $US2,800 per kg before a higher value is used to value the plantations.

The huge positive from the article - assuming it is true - is in the last paragraph.  The article states TFC has presold the next five years - not two years as declared to the ASX - of its harvest at $us4,500 per kg of oil equivalent.

This is HUGELY POSITVE.  It is substantially reducing risk and demonstrating $US4,500 is the market price for sandalwood oil.