GREY:PLUUF - Post by User
Comment by
JohnPeruon Nov 24, 2020 8:19pm
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Post# 31966774
RE:RE:111 petitories were presented for PLU's 9 concessions
RE:RE:111 petitories were presented for PLU's 9 concessionsJuan, these earlier applications on October 1 will be denied. There must be at least 1 hectare per 100 hectares free at the time when the application is submitted for the title process continue. There was not one hectare free on October 1st in the area that Guillermo concessions cover. If PLU's strategy is to delay the title process it will be an expensive one. The company has no reveune with most concessions in the penalty phase. 1000 hectare concession will cost $23,000 US per year. 93,000 hectares X $23,000 = US $2.1 million. It will be less now since PLU lost several concessions. Also consider + $500,000 in management salaries. How long can company afford these costs at 25 cents a share?