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Re: None

Thursday, 04/29/2010 5:01:19 AM

Thursday, April 29, 2010 5:01:19 AM

Post# of 3419
Latest from TATF -

I contacted TATF for the first time a couple of days ago in about four years and here is the latest news (at least for me)
I own 1997 teaks and like many others who own 97s have been thinned once. I do remember signing to have the lumber go through the value-adding process deferring the distributions to an indeterminate time.
Forgive me for repeating what has been said already but at this stage my understanding is that (as Steve B. has mentioned in early posts on this forum)there is no market for young teaks which means the projections for distributions at year 7 or 10 is patently wrong and to expect distributions from the sale of young teaks is not going to be met. The decision has been made to delay 2nd thinnings (since it can't be sold anyways) and just to let the trees mature until such a time it can actually be sold on the international market (when? don't know). Hence the introduction of the Raleo idea to add value to the young timber from the first thinnings that can't be sold as such. At the same time there has been no movement on the Raleo side either which means the lumber from the first thinnings are essentially sitting in storage until such time they can be used by Raleo.
Since the lumber from my trees is just sitting in storage, I 've asked a portion of it be shipped to me for my personal use. I have a fairly large woodshop in California and will use the lumber for my projects. I have not heard a response to this request but will let everyone know what happens. I suppose this would only be relevant to those who think the trees are "phantom" assets. Thanks a lot.

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