You have got to be kidding Sierra.
The upgrade means that they will generate circa $55 million EBIT for the half.
Gunns are in control and the Bank is not even slightly in the picture (as per the announcement the Bank didn't even require the full proceeds from the sale of the hardware business!)
They have 3 parties progressing to due diligence phase and Gunns bargaining has just got much stronger.
They have locked in solid woodchip volumes going forward.
As you commented the Gay legacy issues have now disappeared.
The other reason why I know it is massive is that the Tasmanan Times hasn't mentioned it on their website.
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