The acquisition of new planted land in East Kalimantan is consistent with MP Evans stated strategy and is another low-risk acquisition at a sensible price. The US$34.2m acquisition will be funded from existing cash resources and should be immediately earnings enhancing. The price is equivalent US$12.5k per hectare, which reflects the higher quality of acquired planted land compared to prior acquisitions. We believe the land value will increase as productivity improves and as scale benefits kick ....