yes, there have been so many poor communication from GNS. Most recently they stated a june 30 deadline for repayment of corporate debt lines and then didnt make any announcement that they had been paid until it slipped out in an interview with Lestrange a few weeks after the deadline..why announce it to the market and then not put it to rest in with another announcement..very odd.
I know GNS in the background is undertaking a massive sale campaign for the remaining trees and land they hold in Tasmania as well as the entire MIS assets.....this will be company changing stuff. I know there are many buyers, just look at Willmott forests wwhich has received 50 EIO for inferior assets......the question will be what price they can get for these assets?
I suspect it is enough to achieve start and substantial completion of the pulp mill but may be not 100% completion.i.e they still need a partner...but at least they can get started. if they go broke 1 or 2 years into construction then so be it it seems.
GNS Price at posting:
25.0¢ Sentiment: None Disclosure: Held
