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teeth53 is right. Give this stock a wide berth. No use buying a pulp mill if there are no trees. Where is the forest? Pulp(paper) raw material is from cultivated forest, not natural jungle. It takes 8 to 10 years to plant a softwood species from sapling to full grown tree for processing into pulp. Land acquisiton, labour and red tape is a major problem there. Malaysian Agro companies such as Golden Hope, Guthrie, Harrisons are facing above problems with their palm oil estates there.
This counter goes up and down on rumours about permits granted, permits not granted, etc...
too many right issues may not be so right...
Needed more ready cash to purchase Indo pulp mill, getting $$$ from ppl like u and me with today mkt like that, very one is losing, very cha lat liao. how to buy their bonds and shares, one day they can't pay how ??.
Unifiber rose 1cts as it received the regulatory approvals from SGX to list bonds and new shares that it would issue as it plans to purchase Kiani Kertas (the Indonesian pulp mill).
SEZ zone in Borneo ? with so much forest to cut down, can some one comments how is it related !!.
got announcement.. any comments ?
Up 1ct already. Still not too late to buy.
S'pore is helping Indonesia build Special Economic Zones (SEZs). This should enable Indonesia to grow rapidly over the next few years.
This is an Indonesian play and JCI has surged to a record high of 1,323.696.
The bollinger bands have closed recently around UniFiber which is a sign that price will surge. But direction of price change is unclear.
This stock has been basing around current levels. Going to surge soon!