re: Ann: WBA: Webster subsidiary becomes RE f... KK, I think...

re: Ann: WBA: Webster subsidiary becomes RE f... KK,

I think that ANZ is still GNS' banker only because it is currently to complicated for GNS to extract themselves from their current grip. They would have floating and fixed charges over everything at Gunns the moves and stands still, to cover current debt.

When completed, the recently announced GNS' asset sales will break that squirrel grip once and for all, and the ANZ will be history with respect to GNS. Behind their back, I'm sure the GNS board and exec have hated them with a vengeance and will give them the flick with great pleasure. I reckon the media report is just l'Estrange giving them a piece of rope to see if they would tie it around their neck.

Serve ANZ right for what's coming. If my bank had treated me in public forums the way ANZ corporate has GNS, on the basis of a vicious Green blackmail campaign, the moment I could sort my mortgage out with another provider, I'd give them a relationship breaking "serve".

Doesn't the ANZ get the new vibe: we're collectively sick of dark green politics; we're sick to death of Senators Brown and Milne; we sick and tired of the Wildo's and GetUp's antics, and we're don't gives a rat's about Cousins' opinion anymore (now busy picking on Woodside).

Project financing doesn't need ANZ one iota. For this scale of plant, project financing comes from a consortium of financiers from all around the world, with no one organisation putting in a particularly large amount. Think Twiggy and Anaconda.