all over red rover, page-33

I've seen a lot of negative thoughts posted here. I am not overly pleased with the situation myself. However I have done some dodgy numbers based on the balance sheet etc.

Assuming that the projects for the last few years are worth zero, and land sells at 50% to 75% of value on the books, and the timber mill sells for 50 to 75% of the BV - and add in say $20m for admin costs, and a few other reductions. Overall I find a val of about 5 to 20 cents per share liquidation value, depending on how pessimistic you are about asset values.

Do your own sums and you will possibly agree.

If you get an offer for your shares off market - think twice before accepting IMO.

DYOR