I forgot to mention.If my understanding is correct and the new...

I forgot to mention.

If my understanding is correct and the new stance is upheld then TIM can still sell these projects but they would need to make some changes. To make them attractive without the previous tax advantages would mean that the projects would not be as profitable for TIM, although I still believe they could make a profit.

Given that the plantations and previously entered into projects are not affected I think TIM and other similar companies have been way oversold.

It will be interesting to see what goes down at the TIM AGM on Feb 22nd.