ozzie's are forest gumps, page-47

Dwuuuu - I beg to differ. The announcement clearly does not say "equity partner - joint venture". It says "capital raising, equity investment".

That confirms my theory that this has nothing at all to do with the pulp mill. As I said the equity investor will most likely be a US hedge fund (cornerstone investor) which will be followed by a capital raising offered to all investors at the discounted price. My guess 9 or 10cps. It buys GNS management more time for the pulp mill but at the cost of existing shareholders!

It would be silly for the company to announce an equity partner for the mill at the same time as a capital raising and this is why I suspect it is nothing to do with the mill. Much better to announce the mill partner and let the price rise before doing a capital raising.......

I could be wrong but all the signs are that this is another desperate attempt by management to hang onto the mill dream. It is the last throw of the equity raising dice for them.........

my bet is that its good for GNSPA and MIS growers but badd ffor existing shareholders.

we wont have long to wait...