bdu - less

Shareholders need to be put out of their misery with a takeover of Gunns fast. This company s balance sheet is a disaster and is shrinking faster than a dry BDU .The value of Gunns for an acquisition is only its wood - fibre plantation assets . Sodra has announced that is is now looking at a JV in Russia for a pulp mill . That has to really say something about a so called deal in Oz with Gunns given Russian risk and how Swedes hae lost their shirts in the Russian wilds in the past. The management needs to be cleaned out and a fresh start extending to Gays sand box in Southern X or whatever his little play is. Pity that in the end it will just be another American forest asset play for the bean counters in Texas.