who owns the land, page-2

Not sure about all the land but the two ASX listed bonds have fixed and floating charge over the land..


This is from TODHA Responsible entity website...


The Timbercorp Orchard Trust was established in December 2003. The Trust has total assets of $93.1 million invested primarily in the following properties:

“Kangara”, a citrus orchard and wine grape vineyard property located near Renmark in South Australia; and
“Costa’s Crest” and “Bella Vista”, table grape vineyards located near Euston in New South Wales.
The Trust is funded as follows:

$26.084 million of equity capital represented by 24,976,537 fully paid ordinary units in the trust.

$59.260 million of secured debentures (as at the 31 December 2008), which pay an interest rate of 7.36% pa. on their face value of $100 each and trade on the ASX under the code TODHA.

$2.510 million (as at the 31 December 2008) of unsecured annuity bonds which pay an interest rate of 9% per annum and are being repaid on a principal and interest basis, maturing on 15 November 2010.


Yellowcake - I have seen that you are quite active in argi-related threads.. Do you have any further commentery on TIM horticultural assets. I believe foresty assets are alot less desirable..