Quick update.
If you have a look across the entire listed MIS bluegum sector its not pretty.
GTP, TIM, FEA and ITC just for starters all looking sick sick sick.
I think the market is telling us something else is going on here.
I have it on good authority that TIM sold out their Almond project in three days, their table grape offering also sold out in three days, it looks like the mango's will also disappear in a flash if pre offering interest is anything to go by, in fact the blue gums are the only open offering and they are also selling well.
So presuming this is correct, and presuming TIM isn't Robinson Crusoe, is there perhaps some fire to the smoke that's saying Canberra is set to review the tax-deductability of these schemes?
I don't know the answer but there is no doubting that those in the know are heading for the doors quick smart.
Cheers,
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