This announcement reaffirms my very positive long term view on TFC.
I wonder if TFC will disclose the current market price of the sandalwood in the offer documents and advise MIS growers they could earn substantially more at harvest. If not, I will be slightly dissapointed with TFC's business ethics. It will demonstrate a willingess to exploit their stakeholders: in this case the MIS growers.
Also, capping the retail offer at $5m is demonstrating a lack of loyalty to its shareholders (other than the large shareholders).
TFC Price at posting:
$1.63 Sentiment: Buy Disclosure: Held