I was thinking that someone maybe thinking about a takeover with the market cap at around 84 million, but what would they be buying?
The largest timber company in Australia with lots and lots of debt. A lot of very worried employees. A lot questions from the bank. A lot of Tasmanian’s who hate your gates. A large number of contractors who are apparently owed a lot money, all at a bargain price.
Yep, that should do it. I am sure I have inspired someone to look at buying this company.
GNS Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held