Project TTrain wreck Gobble dee gookIn kpmg report 2003...

Project TTrain wreck Gobble dee gook
In kpmg report 2003 plantation project,a forestry report was attached.

The forest report was commenting on the reasonableness of the input in the financial model prepared by great southern.

The forester reviewed great southerns model,in those models GTP predicted yeilds at 10 years for the districts.

Albany- 152.7m3/ha----164.4m3/ha

golden triangle- 221m3/ha-----148m3/ha

Qlnd- 108m3/ha----103.3m3/ha

Yet the same forestry expert notes the PDS for the 2003 that the management is predicting at LEAST 250m3/ha

IFTHAT IS THE CASE WHY IS THAT ?

1. No mention is made of the seven shortfalls in the KPMG report?

2. GSL waited until October the 7th 2008 to tell us the lots were now cactus

3.Is not the failure to disclose these abysmal results a breach of GSL continueous disclosure obligations?

4.Why was it that each time prospectus raising were being made,why were the investors not told?

5.Why did not GSL disclose why they did were not meeting expectations and at only made marginal at best?

6.Could not a participant in the project transformation,as well as shareholders have a case against GSP?