Hi Daniel,
What the accounts are basically saying, is that TFC have made a fortune in Asset value increases, but their Cashflow is comparatively low. i.e. The Plantations are be being revalued giving TFC a great NTA, but they need to sell more stuff.
The 2016 harvest is a big deal. If all the products are sold at the current market prices, TFC will have a lot more cash, and therefore, shareholders should have it too.
