The most recent reference to Forestry divestment in the ASX announcement dated 15th August states:
" The staged exit from the company's Forestry assets continues to progress at a satisfactory pace ..."
Yet on page 13 of CEO presentation at the 2011 AGM is written:
' Escalation of Staged Capital Release to total withdrawal from [Forestry] sector'
And:
'Due to complexity it is expected that completion will take most, if not all, of FY12'
So putting this together. Shareholders currently have the information that: Total withdrawal from forestry may take most, if not all, of FY2012 and that this is progressing at a satisfactory pace.
Is it correct for shareholders to still be led to believe that the Forestry withdrawal will be completed by the end of this month?
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