Big crossing this arvo...getting close to 30c mark slowly.
1 2 12:37:28 pm 29 5,000,000 $1,450,000 Off market
Printable View
Big crossing this arvo...getting close to 30c mark slowly.
1 2 12:37:28 pm 29 5,000,000 $1,450,000 Off market
https://www.nzx.com/announcements/321166
The above notice from Perry Corp. relates to the off market transaction from Friday.
Knocking on heaven's door !
small turnover chipping away at things, 30c hit. could well see some consolidation/profit taking around these levels given the ~50% rise this year
RBC still worth a punt -- ie trade the hype and sentiment
I doubt it will ever be worth a buck or more based on financial performance ... needs to make a decent real prpfit before that ...you never know that after 20 years of endeavour they just might
But as long as they keep the story going and there are believers the share price should keep going up ...and maybe there is even a 'greater fool' out there who will buy the whole company for an outrageous price
Wood used to be our past, it will soon be our future.
One of the biggest issues facing our planet is plastic. We have no choice but to find biodegradable alternatives and fast growing soft wood can help with that.
If we are going to save the polar bears we need carbon soaks - and what better way than planting new trees that simply love a feast of CO2.
And given opposition to coal is so de rigueur we need to find alternatives to steel - nothing like a plank of wood for that.
$0.30 is going to look like a steal in a couple of years.
Cutting the trees down and replanting with Arborogen sources trees is a valid stratgy for soaking up carbon: http://www.climatecentral.org/news/y...s-carbon-20348
That might be true if you cut down the forest and converted it into non-biodegradable plastic and then regrew it with Arborgen's trees. However, if you turn the trees into anythin biodegradable (timber, biodegradable plastic etc etc) then ofcourse all the carbon is returned to the atmosphere over whatever time it takes the product to degrade (decades to hundreds of years for some timber, a few months for some biodegradable plastics).