Not really. Any intelligent investor will invest based on the Prospectus and their assessment of forward prospects. This is not a cheap issue and I have decided not to participate but will track it instead. Probably the SP will increase initially, as people who missed out buy in and institutions/funds top up to meet their criteria. I perceive risks with the new wharf construction and use of the same, as has already been noted. The port's dependency on log traffic is also a concern given the depressed timber prices internationally at present. Previous experience indicates that foresters will hold back on felling trees and let the trees add volume rather than sell at low prices (a percentage at least). That will translate quickly into reduced log volumes at the port.
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