Gunns latest note to owners (shareholders) confirms it's commitment to providing the balance between our timber needs, and environmental security and growth.
Map of the 3 main forest asset / mgt areas, are well distributed with-in the forests that exist in their locations.
Commitment for steady re-planting growth, will aid in achieving the Fed Gvt's planned re-growth forest forecast / aims (long-term).
So we have the positive contribution to aid in the removal of green house gases via massive forest growth, year in year out, with new planting - matching or better - the removal of trees to meet demand. Note is DEMAND.
Gunns have growth, milling, and distribution all in growth mode.
Then we have the added benefit of the proposed Clean Green Milling Machine potentially in final leg of the approval process, potentially adding considerable value to Co.
Gunns not only have Sodra, but other potential financiers, according to agm report, for some 40% of the project, assuming 60% retained by Co.
Quote from Sodra's site: (12 Nov 09)
' Södra invited to examine pulp mill project in Australia
Södra has been invited to investigate a pulp mill project in Australia. The Australian company currently running the project, Gunns, has announced that Södra is one of several players involved in the discussions.
"We need to see what role we could play in this project and what contribution we could make. At the moment it's too early to say," says Södra President and CEO Leif Brodén. ' end of quote.
IMO, worthy of one of the Buffett view-points (like his rail-road investment) : buy in price is great when one considers the long term prospects!
Cheers :)
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