Looks like a big news day for Toby.In addition to the earlier...

Looks like a big news day for Toby.

In addition to the earlier article (Cleo post) he was also in the AFR (p26) rebutting the untruths regarding excesses published in Paperlix Sux. He may have provided the facts to rebut the claimed excesses but they were not published.

Re Cleo article

"Paper will remain the core of the PaperlinX’s business for the foreseeable future, however a return to profit is dependent upon the group’s aggressive diversification plan"

Wow. If I am reading this correctly, it is saying PPX cannot profitably sell paper - our core business?

I further interpret this as Toby can't make $$ for PPX selling paper.

Toby, if this is correct, then IMHO Toby must resign and give someone a go who can make $$ or 2) sell PPX off to someone who can make $$.