Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Leaf Resources Limited ( (AU:FGH) ) has shared an announcement.
Foresta Group Holdings Limited has entered into a conditional payment agreement with The Putauaki Trust, agreeing to pay NZD$100,000 plus GST to support costs incurred by the Trust as they work towards a binding lease agreement. This payment, which will be offset against future rental obligations, underscores Foresta’s commitment to developing the Kawerau Stage 1 site. If the lease does not proceed, the payment will be refunded. This agreement marks a significant step in Foresta’s strategic efforts to expand its operations and strengthen its position in the renewable resources industry.
More about Leaf Resources Limited
Foresta Group Holdings Limited is a leading company in the natural and renewable pine chemical and biomass pellet manufacturing industry. The company has developed a proprietary process to extract pine chemicals using the tree’s own solvent chemicals. These products, such as rosin and terpenes, are used in industrial manufacturing and are key inputs in products like adhesives, gum, inks, paint, car tyres, and perfume. Foresta aims to become a leading global supplier in this sector.
Average Trading Volume: 2,914,050
Technical Sentiment Signal: Buy
Current Market Cap: A$91.21M
For an in-depth examination of FGH stock, go to TipRanks’ Overview page.