How can the administrators of Timbercorp sell the rights of the growers without their approval?
As I understand it if the underlying assets are sold then the growers retain their entitlements to the crops unless the projects are wound up. I thought the growers voted against the winding up of the almond projects.
The announcement from KordaMentha and Olam International indicate that the orchards have been sold with no encumbrances.
TIM Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held