>80% of GNS historical revenues relate to Forests & Forest Products (read woodchip exports, MIS sales & sawn timber).
MIS sales now $0, export woodchips from Tasmania as good as stopped, sawmills and chipmills closed in Tasmania, WA & Victoria.
What is left?
Total liabilities reported in 2010 Annual Report: $1bn
Net debt: $652m
Income from Operating Activities: -$92m.
Pulp mill project: currently no JV partner announced. Construction period maybe > 2 years.
So my question is where to now?
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