TIM 0.00% 4.4¢ timbercorp limited

up 2c today

  1. zwu
    2,423 Posts.
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    TIM is up 2c today. It seems certain if looking at the success of TIM's open day at the Boort olive groove last Saturday.

    Hundreds (if not over 1 thousand) people got there by private cars and chartered buses plus TIM employees and local people. BBQ, wine, band performance and other entertainments were great. Foot tours and bus tours around the groove showed people how well the olive trees were growing. It is true that the present drought is a worst one in decades, but water is so far not a problem, TIM has got enough "water rights" and even been selling them to others thanks to a not-so-successful prospectus sell last June and all the young and small trees they have. People are confidant that TIM will have an olive harvest next year.

    Another factor might also help TIM's share price could be the weather forecast today. Thunderstorms and heavy falls are sweeping though northern Victoria today and tonight. This indicates the drought may have a break in VIC as the BoM predicted in its latest 3-month forecast.

    I have bought back some TIM shares today.

    P.O. Box 1636M Melbourne Vic 3001 http://www.bom.gov.au

    North Central District Forecast
    Issued at 1531 on Monday the 25th of November 2002

    Forecast: Tonight and Tuesday
    Rain and isolated thunderstorms with locally heavy falls, easing to showers
    later. Variable winds tending light to moderate northwest winds then tending
    cooler southwesterly from the west.

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