FEA 0.00% 4.5¢ forest enterprises australia limited

CSIDEROB,FEA has got a total debt of around $200m, which is...

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  1. zwu
    2,411 Posts.
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    CSIDEROB,

    FEA has got a total debt of around $200m, which is about 300% of its market cap., and it has no money even to pay the interest - a situation quite similar to that of GTP/TIM before their collapse.

    It would be suicidal for GNS to takeover FEA now with this ~$200m debt burden.

    If GNS really wanted anything from FEA, it would wait until the collapse - its might be pretty soon by 19/2/2010.
 
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