Rubicon

[minimoke]

I did ask Investor Relations what they are doing to secure for the once in a life time storm - but haven't heard back. With an estimated $18b in damage I am assuming Arborgen have the nurseries tucked up nice and safe.

[minimoke]

Arborgen need to breed a fast growing 7 foot tree

https://www.theverge.com/2018/9/11/1...-holidays-2018

Scouring through the papers I find "Joint research with SC Christmas tree growers hasresulted in improved tree selections in support ofthe Christmas tree community" (thats the Taylor Nursery and South Carolina Forestry Commision). Now do a search of south carolina christmas tree farms - they love their christmas trees!

[Xerof]

Wonder how the trees in Carolinas are doing

The 2 'nearest' nurseries are at Claxton, GA, which is 83km inland from Savannah, GA, and the other one is in South Blenheim, CA 204km inland from Wilmington.

If we don't get an announcement in next couple of days, then all good.

I do think a proactive confirmation that it's just a nasty rainstorm at their place would calm winners frayed nerves though.

I would email Pam, but minimoke has already done so. No point giving them too much to do (other than count the 'NO' proxies)

[BlackPeter]

Wonder how the trees in Carolinas are doing

I am sure lack of water won't be one of their problems ...

[minimoke]

Maybe someone has the news that the trees are fairing OK. Up 1 cent today so far

[minimoke]

From the CEO today :" I can announce today that ArborGen-NZ has just signed a 12million seedling supply contract with Crown forestry for next year as part of the government’s 10-year 1billion tree planting program"

From the Chair "We have also determined that our independent Directors should be part remuneratedwith restricted Rubicon shares, so that they act and feel as each of you do asRubicon shareholders, to ensure the incentive and urgency are aligned. This is a bargain forRubicon, these new directors are of the highest quality, and like all good talent you need tomeet the market to secure their services." I would liek to have seen it tagged to performance outcomes but what do I know.

[blackcap]

From the CEO today :" I can announce today that ArborGen-NZ has just signed a 12million seedling supply contract with Crown forestry for next year as part of the government’s 10-year 1billion tree planting program"

That's great, but if its at the standard 6 cents per seedling price that equates to $720,000, not even enough to cover directors fees.

If its at the super dooper technology price of 26 cents then that changes things a bit.

[freddagg]

From the CEO today :" I can announce today that ArborGen-NZ has just signed a 12million seedling supply contract with Crown forestry for next year as part of the government’s 10-year 1billion tree planting program"

Bit odd announcing that. 3.5% of the years production.

[minimoke]

And another bit
Current year performance targets set –
 EBITDA US$71 million
 Seedling units sales > 10%1 higher y-o-y
 Progress to date – in largest (US market) already ~ 85% sold-out


And looking ahead
The ‘tree machine’ platform has been built
 Advanced genetics product portfolio is in place
 Regulatory approval is not required
 Pipeline of new products continued to be built ex annual R&D spend
 Conversion to higher-value genetics in the US is now taking hold
 US macro conditions are favourable
 NZ government approach to planting is bearing fruit
 ArborGen NZ has signed a 12 million seedling contract with Crown forestry
 Established a foothold in Brazil – future growth engine

 The hard work has been done

 Now entering the ‘harvest phase’

[whatsup]

So did we defeat the snouts in the trough motion ?