FEA 0.00% 4.5¢ forest enterprises australia limited

Sadly Opto your noble attempt to pump the gurgling FEA is the...

  1. 42 Posts.
    Sadly Opto your noble attempt to pump the gurgling FEA is the equivalent of promoting financial flatulence in a company which has overspent itself. What you claim to be a current report is about as old as me. $25m MIS sales this year (down from $116m last year) with a $200m+ debt and no other cash flow. If you think there is hope please tell us where it comes from yourself; rather resort to the Company blurb. The White elephant timber mill lost $4m+ last year yet you say it will now provide the cash flow to allow the company to survive. Apart from the $25m MIS income above there is no other real cash coming in the door this year, certainly not enough to service the $200m loan. The half share of the woodchip mill makes practically no contribution. They predict themselves they will make a loss last financial year of around $9m and you suggest they are on the road to riches. Opto the Optimist if you have the belief which you demonstrate I suggest you invest in FEA.
 
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