According to some numbers I checked, leasing 1 hectare of land should cost between $5,000 and $10,000 per year. Let's say they have to pay $10,000 in order to get it. Which is close to 1% of expected revenue (100 MT x $10/kg).
Huh? Only 1%?
Well, an expensive red bayberry plantation is valued at $16,000 /ha/year. So I can't be that far off.
What's SIAF/CA going to do? Charge TRW a hefty price for converting to ODRAS? Or a friendly price? And for the people who haven't noticed this yet, for Solomon and Ravindran, being on the BOD of both companies, means there is a conflict of interest ;-) How can you make a decision (sale) that serves the best interests of both, the TRW as well as the CA shareholders? You can't. This basically means that Solomon and Ravindran can't be involved in any transaction between TRW and CA. lol. Pay attention, Seiden ;-)
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