That was an interesting story. Was not aware that there was more Australian sandalwood in plantations than Indian and especially that those companies growing it are now harvesting. I have never seen or heard before that tfc had this kind of competition. Also I was surprised that tfc are the largest producer of oil in the world but it's Australian sandalwood oil and not Indian. Does anyone know if they are also growing Australian sandalwood?
It's all a little confusing really. I'm only just back in on this one on the back of the 4 directors buying up big a week ago. Seems I bought up a the perfect time as well as the asx announcements have certainly driven the price higher.
TFC Price at posting:
$1.70 Sentiment: Hold Disclosure: Held