At first I thought it was Tasmanian Times,however diappointed that I maybe ABC is still OK.--Gump is pretty cocky thinking the trees will be used for their foul polluting mill,like those crettins that tout about so called clean coal.LOL
Land sale puts Gunns' trees in firing line
Posted Thu Jun 10, 2010 12:36pm AEST
A move to sell off more assets owned by plantation company Great Southern has created uncertainty for Tasmanian timber company Gunns.
The receivers managing the failed company Great Southern are selling 640 properties in Western Australia and South Australia.
Gunns manages blue gum plantations on these properties on behalf of Great Southern investors.
Gunns has previously told the stock exchange that it plans to use the timber from the plantations to ensure its Tamar Valley pulp mill is 100 per cent plantation based.
But Pulp and paper analyst Robert Eastment says Great Southern's receivers will consider the possible sale of land and trees.
"If that is the case then the management of the trees, or the responsible entity with Gunns, may or may not go with that so there's a degree of uncertainty at this stage," he said.
A Gunns spokesman says the matter is up to Great Southern investors.
ABC News
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