farmers plan to buy blue gum forests and burn , page-5

Wooduk,

Thanks for the information.

(1) "Korda mentha ... proposing that the tree owners vote once again ... to sell the trees with the land".

If so, how much do you reckon the growers would get? If the proceeds would split between trees and lands in proportions determined by to the buyers (like TIM's land buyers did) and the buyers would burn down the GTP trees, then the tree owners would get very little.

If "sell the trees with the land", then GNS will lose its RE title, but GNS has already claimed $30m in its 2010 EBIT from that title. Would GNS be compensated? Or would GNS lose that $30m right away and slip back to breaching the bank covenants?

(2) I reckon you are not exactly in the same boat with the advisors, who had got 10% commission from the MIS woodlots sold to you. They should honestly return at least that 10% commission to you, before you could welcome them to the same boat to fight against MIS.

(3) To buy lands with trees from GTP. Only if they are really profitable, if you are a farmer and you have the spare money, and if the lands are next door to you.