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The latest update is out from Leaf Resources Limited ( (AU:FGH) ).
Foresta Group Holdings Limited has successfully concluded its insurance claim related to the Apple Tree Creek incident, receiving a final settlement payment of $2.4 million AUD, bringing the total settlement to $4.6 million AUD. This outcome reflects the company’s commitment to maximizing shareholder value. Additionally, Foresta is progressing with the development of its Kawerau Plant, having completed the procurement process for the Earthworks Main Contractor, which resulted in significant cost savings. The company is also strengthening its supply chain and collaborative partnerships within New Zealand’s forestry sector, focusing on sustainable operations and alignment with national policies.
More about Leaf Resources Limited
Foresta Group Holdings Limited is positioning itself as a leading global supplier of natural and renewable pine chemicals and biomass pellets. The company has developed a proprietary process to naturally extract pine chemicals, such as rosin and terpenes, which are used in industrial manufacturing for products like adhesives, inks, paint, car tyres, and perfume.
Average Trading Volume: 3,015,029
Technical Sentiment Signal: Buy
Current Market Cap: A$82.41M
For a thorough assessment of FGH stock, go to TipRanks’ Stock Analysis page.