as you are so politely pointing out - 'What a load of tosh!'
It is correct that the Tiwi Islands is a small portion of GST's land portfolio. What it doesn't mention is that this is in fact the second time that this particular piece of land has been flattened by a significant cyclonic event since it was planted down to forestry.
That is a two hundred percent success rate.
GTP fail to mention that by the addition of one forestry lot that gets flattened on average (so far) once a decade, they now have an exposure to cyclone damage that must be born by the consolidated entity.
Without it they would have none.
They must be bloomin desperate for land is all I can say.
That in itself must raise concerns about GTP's capacity to conduct lower risk expansion in 'safer' climatic conditions........
Still not a buy IMO.
GTP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
