great southern confusion, page-2

Industry recovery stymied
KEN MATTS
12 Nov, 2009 09:45 AM
HOPES that the region’s once booming timber plantation industry will recover to previous levels of activity have been further dashed.The demand for woodchips in Japan, the major export market, has stagnated as a result of the world financial crisis.

(I believe it is because the Japanese can smell blood in the water,and that is why a large Japanese company wants to buy the land with the trees and get our property at a cut down price,not a world financial crisis)


While Timbercorp’s plantations have been purchased by a US-based company, there was no immediate likelihood of a sale of Great Southern’s forestry assets.

WHAT NEGOTIATIONS?!!
Negotiations for Great Southern continue to drag out, with potential buyers being sought by receivers, McGrathNicol.

DO YOU MEAN STEAL THE TREES THAT THE INVESTOR OWNS AND USING A CORPORATE AND NOW DEFUNCT CONSTITUION OF GTP,THEY CAN MANIPULATE US AS THOUGH WE HAVE NO PULL

O’Connor MHR Wilson Tuckey said he was not comfortable with the receivers wanting to (HOODWINK)disconnect investors from the land by selling off the plantation assets “so they could get their hands on the land” and sell them for the banks which are owed money.

THE ABOVE COMMENT EXPOSES WHAT THE BANKS ARE AT FOR THEMSELVES--THAT CONFIRMS FOR ME I WILL NOT VOTE AT ALL AND THE SCHEMES CAN COLLAPSE AND WHEN THE THE SCHEME SCHEME COLLAPSES THE BENDIGO LOAN IS PART OF THE SCHEME THAT HAS GSMAL TO BLAME AND BENDIGO CAN FIGHT IT WITH THE OTHER BANKS AND GTP.

AND I WILL STILL HAVE MY TREES
He said despite previous failures, the timber plantation industry had prospered when left to its own devices.
Mr Tuckey said the local economy would continue to suffer, as the industry was developed on a tax-effective basis.
“I think a lot of farms will be replanted but by people who see it as a worthwhile crop,” he said.
“As properties are harvested, I don’t think they will revert to pasture.”--IN OTHER WORDS THRE IS MORE MONEY AND MULTI USES FOR THE TREES THAN WOODCHIPS ?

He said the timber plantation industry could very readily be involved in carbon credit negotiations sweeping the country. AMAZING YOU DON'T SAY
Timber 2020 executive officer Julia Levinson said it was obvious the plantation timber industry had to diversify to survive by considering different products and localised down-stream processing.
“We need to go back to the basics,” she said.
“Governments are no longer going to help, with the bottom falling out of funding.”
Ms Levinson said relying on the one market (woodchips for high-quality paper produced in Japan) was criticised by many people early in the development of the industry.
But as the Managed Investment Scheme companies grew, the debate was silenced.
“We’ve got to stop thinking of only producing resources for high-quality paper,” Ms Levinson said.
She said the building industry could use more timber produced by plantations grown over a longer period.

THE ABOVE STATEMENT IS NOTHING BUT SPIN DOCTORING ,IF YOU GO THROUHG OUR FORUM ,EVEN AT AUSSIE YOU WILL FIND THE INVESTORS WERE AND ARE STILL WAY AHEAD OF THE PAK IN SEEING WHAT IS HAPPENING

Woodchips to produce paper continue on a reduced level at the Japanese-owned Albany Plantation Forest Company.
Plantation Energy is established and continues to make biomass pellets for export to the European market.
But Ms Levinson said more was needed.
“It’s fantastic we have got them here, but the whole question of biofuels need to be looked at, especially from mallee,” she said.
“It’s a shame Lignor is not established.”
Lignor Ltd remains interested in establishing its engineered, high-quality timber from plantation timber and thinnings.
In December, 2007, Lignor postponed plans to develop its $350 million engineered timber plant at the Mirambeena Timber Estate on Down Road.
It ran into difficulties securing funding for the project.
HOPES that the region’s once booming timber plantation industry will recover to previous levels of activity have been further dashed.

IF THE INVESTORS IN THEIR PRPERTY ARE ALLOWED TO RUN THIS THE WAY WE GO ON THIS AND OTHER FORUMS -WE THE INVESTORS WOULD HAVE BUILT THE HIGH VALUE LIGNOR PLANT,BUT REMEMBER LIGNOR COULD NOT GET ENOUGH TREES COULD THEY CAMERON ,AND LIGNOR PACKED UP AND LOOKED AT PROCESSING IN ASIA--DID NOT THEY CAMERON RHODES ,SORRY MS LEVINSON FOR CORRECTING YOU

The demand for woodchips in Japan, the major export market, has stagnated as a result of the world financial crisis.
While Timbercorp’s plantations have been purchased by an US-based company, there was no immediate likelihood of a sale of Great Southern’s forestry assets.
SOUNDS LIKE THE SPIN DOCTORS ARE RED FACED SUCKING IN THE YANKS AND POSSIBLY TOLD THEM IT IS A FORMALITY TO GUT THE INVESTORS WHO OWN THE TREES
BUT NEVER MIND WE HAVE ALL GUNNS BLAZING AWAY,AND MR GAYE IN COLLUSION WITH THE BANKS WILL HOODWINK OR IS STEALING A MORE APPROPRIATE WORD
Negotiations for Great Southern continue to drag out, with potential buyers being sought by receivers, McGrathNicol.
O’Connor MHR Wilson Tuckey said he was not comfortable with the receivers wanting to disconnect investors from the land by selling off the plantation assets “so they could get their hands on the land” and sell them for the banks which are owed money.
He said despite previous failures, the timber plantation industry had prospered when left to its own devices.
Mr Tuckey said the local economy would continue to suffer, as the industry was developed on a tax-effective basis.
“I think a lot of farms will be replanted but by people who see it as a worthwhile crop,” he said.
“As properties are harvested, I don’t think they will revert to pasture.”
He said the timber plantation industry could very readily be involved in carbon credit negotiations sweeping the country.

Timber 2020 executive officer Julia Levinson said it was obvious the plantation timber industry had to diversify to survive into the future by considering different products and localised down-stream processing.
“We need to go back to the basics,” she said.
“Governments are no longer going to help, with the bottom falling out of funding.”
Ms Levinson said relying on the one market (woodchips for high-quality paper produced in Japan) was criticised by many people early in the development of the industry.
But as the MIS companies grew, the debate was silenced.
“We’ve got to stop thinking of only producing resources for high-quality paper,” Ms Levinson said.
She said the building industry could use more timber produced by plantations grown over a longer period.
Woodchips to produce paper continue on a reduced level at the Japanese-owned Albany Plantation Forest Company.
Plantation Energy is established and continues to make biomass pellets for export to the European market.
But Ms Levinson said more was needed.
“It’s fantastic we have got them here, but the whole question of biofuels need to be looked at, especially from mallee,” she said.
“It’s a shame Lignor is not established.”
Lignor Ltd remains interested in establishing its engineered, high-quality timber from plantation timber and thinnings.
In December, 2007, Lignor postponed plans to develop its $350 million engineered timber plant at the Mirambeena Timber Estate on Down Road.
It ran into difficulties securing funding for the project.
Now based in Melbourne, the company recently undertook a $5 million refinancing and is now recapitalised with no debt and adequate cash funds for its immediate working capital requirements.
One of its plans is to “finalise a robust financial model to present to potential investors and financiers”.
Local lessors or landowners of Timbercorp plantations benefited when the company’s timber plantation assets were recently sold for $198m, but they are only one part of those chasing payments or a return on investments.

Pulpwood Plantation (PPPL) chairman Gordon Martin thought his newly-formed company was in a good position to take over Great Southern’s assets, but that changed when it was about to put an offer to grower and grower investors.

Mr Martin said the Great Southern forestry asset sale process was being dragged out with receivers, McGrathNicol, and the banks not caring about the growers or the future of the industry.

“It is actually quite bad, because it is costing millions, about $750,000 a week,” he said.

“The estimate of (receiver) costs to date is around $27m. That’s over the forestry scheme alone.

“The whole thing stinks.”

Mr Martin said the man on the land and small investors appeared to be paying the price for the collapse of the MIS schemes which depended so much on government tax concessions to operate.

Great Southern was placed in voluntary administration in May, owing 43,000 investors hundreds of millions of dollars with its timber assets estimated to be worth up to $500m.

PPPL had put an offer to growers and grower investors for a decision at the end of October, but this was stymied when the receiver McGrathNicol advised on October 2 extended its deadline for offers saying it had received other offers and not to consider anything else before these were put.

“We have been encouraged by the robust competition for these assets and are obviously pleased that this response will provide investors with a range of options to consider in the near future,” McGrathNicol spokesman Toby McGrath said.

He said the receivers would work closely with the interested parties to finalise the details of their offers with a recommended option within weeks.

But four weeks later, nothing had been made public.

Mr Martin said McGrathNicol’s announcement of the additional offers was the day after PPPL announced a meeting with growers for the end of October to put its proposal.

“It’s just dragged on and on and on. The offers that were supposed to be there, no one has seen them,” Mr Martin said.

“Nothing’s there. These other offers were going to be made public months ago.

That’s where we are.

“We are now looking at going back, we need to work out whether we go with the receiver who is not telling us anything, or whether to call another meeting.

Mr Martin said the man on the land and small investors appeared to be paying the price for the collapse of the MIS schemes which depended so much on tax concessions to operate.
MR MARTIN WE THE RIGHTFUL OWNERS, AND WHEN THE SCHEME COLLAPSES THE OWNERS OF THE LAND ARE AND WILL NOT PAY THE PRICE-MR MARTIN JUST AS YOU HAVE BEEN TOLD TO P.O.,WE WILL TELL GUNNS TO --P.O, WHY BECAUSE GUNNS IS BAD--BUT PPPL IS WORSE.

SO LIKE TWO SUITORS WHO WANTS TO MARRY THE INVESTOR,NOT FOR THE MONEY?,NOT FOR THE LAND? NOT FOR ALL THE VALUE ADDING?----IKNOW IT IS NOT FOR LOVE----SO WHAT DO YOU WANT ?!

I MUST DUCK OFF----IHOPE THIS HELPS MR AMERICA


AND REMEMBER--DONT VOTE THESE THIEVING PARASITES'AND BRING THE BANKS DOWN