nitens plantations not toxic, page-3

Thanks for the link zwu.

Sad thing is that irreversible damage has been done by the original story and the organisation that 'created' it (your ABC). I use the word 'created' literally as the Expert Panel convened to investigate the claims has now shown there was never a story in the first place.

The excitement of some was primarily an artifact caused by the poorly designed 'surface skimmer' created by one antagonists to sample surface waters and the foams that sit on them. They also forgot to tell anyone that it concentrated the top 0.3 mm of river water and foam up to 1400 times natural levels. That 0.3 mm of all natural waters hold organic compounds from the natural decay of organic matter, whether from a Gunns' nitens plantation in the area or not.

The ABC's current reporting of the findings of the Expert Panel, both radio and TV, is now underwhelming compared to the gusto they showed around the original Australian Story and the subsequent and numerous news stories and talk-back radio they ran at the time as a result of it. Shame on them.

For those of you concerned about how your 8 cents a day is spent (is it now up to 10 cents a day?), you now have reasonable grounds for asking how and why the ABC's Australian Story 'brand' got so far out of its depth and natural story area. If they couldn't let it go, why didn't they handed it to their Four Corners colleagues to make fools of themselves over. They are pretty good at that when it comes to GNS and forestry (see 4 Corners "Lords of the Forests" and subsequent apologies as an example).

What has this got to do with GNS shares? IMHO the current GNS share price is the markets summation of all the announcement, half yearly reports, industry and media news and other 'noise' around the company. It's not just the current woodchip market conditions, GFC, profit announcements and other ASX releases. They might be the lion's share but it is also other things, like the ABC's "Something in the Water" by the Australian Story program, that contribute a small amount.

The ABC, in fact, has cost GNS investors much more than 8 cents a day! I wonder if Slater and Gordon or IMF would now be interested in that as the basis for a class action.