could be a gonna

  1. 14,217 Posts.
    lightbulb Created with Sketch. 123
    just looking at the debt situation

    ?Gunns has more than $1 billion invested in forest assets ? land and trees. This value is not recognised in the company?s current capitalisation.?

    nta = $1.60
    net interest =$9.8m
    ebit =$4m

    not sure how this going to pan out

    earnings are not covering debt

    banks may be keen to get hold of their money so they may not give the company leeway to raise capital or find a cornerstone investor

    could be a gonna

 
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