FEA
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0.00% 4.5¢ forest enterprises australia limited

CSIDEROB,FEA has got a total debt of around $200m, which is...

  1. zwu
    2,452 Posts.
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    07/01/10
    14:58
    Post #: 6173489
    CSIDEROB,

    FEA has got a total debt of around $200m, which is about 300% of its market cap., and it has no money even to pay the interest - a situation quite similar to that of GTP/TIM before their collapse.

    It would be suicidal for GNS to takeover FEA now with this ~$200m debt burden.

    If GNS really wanted anything from FEA, it would wait until the collapse - its might be pretty soon by 19/2/2010.
    FEA Price at posting: 7.3¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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