Global Value Investing

[bpkaus]

FRN.V Any thoughts on this one as a long term asset play? The company claims to be the largest farming and oil palm plantation operation in the DRC, Africa with 107,892 hectares of oil palm concessions and 10,000 ha high quality arable farming land. They purchased run down oil palm plantations from Unilever a couple of years ago and are currently refurbishing them to bring them up to their former glory in Unilever's heyday. FRN is currently losing money as they are spending on replanting existing concessions but they recently raised $25 million from deep pocketed gov't backed entities at 10 cents per share and have a market cap of around $50 million.