big buyer still there!, page-14

Hi guys,

very exciting day but whether it is FCL? I don't know. Possibly not.

Remember that FCL tied up an enormous amount of planataion asset via their effective tie up with ITC (Integrated Timber) and the beautifully executed pickup of the assets of APL at a virtual gift price.

Already got heaps of wood and a strong marketing division via ITC.

What GTP has is an amazing distribution network. One player that has been in and out of GTP many times and knows it well is Colonial (now CBA of course) but there are lots of people in the current climate looking for a reasonably solid yield play.

Technically 82c is another significant milestone so GTP could take a breather here but only time will tell. A retracement from here (83) produces a base at 70c. Once again only time will tell.

Cheers,