what if?

FEA reckon they can sell some land for 70 million and some of the loan book for 30 million or so.

If that happened and it is used to knock the debt down and there is a pick up in building here , surely that would pull FEA back from the brink.

They are saying productivity from the mill has improved alot and there must be more timber going out with all the stimulus spending. Every second school in the country is building a hall for example.

I know there is a following here who see this going down the tube in a hurry and maybe it will, but if these asset sales occur what is to stop FEA turning a small profit if the mill becomes profitable.
Surely MIS is not completely dead or otherwise they wouldn't have taken any funds in the last round and as someone here said the gov't knows we need to encourage plantation timber and there isn't really any other way to fund that I know of other than by providing generous tax incentives.

I hold only a few just in case i see enough reason to go a few more at 7.5c..sounds like they will hand out as many as one is prepared to ask for.

GNS selling some of its holding is a bit confusing I must say. why would they buy in only to start selling? Either the object is to confuse the market or they had a closer look and decided it was not going to get the asset sales.