OptoSorry but cash flows are NOT fine as you claim, you are...

Opto
Sorry but cash flows are NOT fine as you claim, you are deluded. These reports are historic and rear view mirror stuff, it is now September. Out of that cash they had at 30th June they have to fund almost 5000 hectares of new plantations from MIS income plus continue to pay fat cat salaries plus the interest on loans plus day to day wages and other bills and on top of that fund the massive losses from the sawmill out of the ever decreasing loan facility. Sorry for that big mouthful. My opinion is they won't see it through without a massive land sale or big cash injection from somewhere.

It could be said Opto you are the supreme FEA optomist but at the same time a confused interpreter of glowing futuristic company self praise unsupported by negative financial reports. Time will tell what will ultimately happen. If FEA collapses then management and Board will have a lot to answer for and it is not good enough for them to blame GPT and TIM poor management. But again GNS have more than a small interest in FEA's immediate survival and a bail out might occur. Wait and see.