TreeOwner, there's no way TATF can sell the teak from the 13 year thinnings at an average or 'run of the mill' price of $3.00 per board foot. I estimate that the real 'run of the mill' price is ~ $1 to $1.50 per board foot, before milling and marketing expenses are deducted.
Check posts 172 and 630 on this board if you don't believe me.
Another thing to consider - as I mentioned in a previous post, the ten year thinnings on the 1992, 1993 and 1994 teak have been skipped. Also, the 13 year thinning of the 1993 and 1994 teak has not been completed yet, if in fact it's even been started.
These thinnings should have been completed, and the wood from the thinnings should have been sold by the middle of 2008 at the latest, when the world economy was still strong.
Because of TATF's unreasonable delays in performing these thinnings, not only have distributions to tree owners been delayed by years, the amount they can expect to receive has dropped substantially as well.
A1
