profit down grade , page-9

Hey zwu,

assumed you'd be more positive for fea to survive, after all, the co's promoting re-growth as only source of current and future wood and wood fibre production/sales!
Fantastic is'nt it?
Eco timber ~ ought to be promoted aussie wide!
The wood pulp / fibre is noted as increasing as the bell bay mill ramps up, by using all the waste product, and selling this.
Again, great use of this resource.
Yep, we ALL have our teething problems when starting up and running business ventures, with 1-3 years req to get things running sweet.
FEA is no different, and good on the banks for supporting this venture, imo!
We have a considerable turn-around going to happen in our housing and school building ~ nation-wide ~ in these times, and fea and other building suppliers will benefit! FACT.
Now it's up to mgt to capitalise on these times.

On the gunnns purchase as a seperate matter,
I'd assume these were purchased from existing holders, not as an offer from or capital raising to the co directly.
DYOR, but you'll see the major s/holders mix has changed.

Another fact to monitor is the dif between current assets & liabilities VS non-current A & L.
The critical factor generally is that the current assets are high enough to cover the current liabilities ~ in ANY business!
This appears to be adequately covered, and you concerns appear to be related to the 'non-current' situation, which will take the time necessary to change. Non critical for current operation, provided assets remain higher than liab.
With some $0.73 p/share, think we should be sitting ok.

Cheers :)