todays action ... fea

I reckon todays drop may have had something to do with FEA.
FEA may not be able to refinance and is currently suspended till they sort it their finances

GNS owns 20% of FEA
I think they paid about 10c for the shares and about $10m back in July '09
FEA seems to have attempted to go down the plantation value adding path too

they have a mill at Bell Bay too worth about $62m
the one gns wants to build supposed to cost $1.5bn, considerably more
already they have spent $183m planning the mill, almost double that of the FEA mill and they haven't even started building the mill

could be wrong about this though
one thing for sure people who got in at 50c have done well


just out of interest how many listed timber companies are their on the asx

FEA is probably gone
also timbercorp and gtp are gone
what is left?

Just gns?