boral more than trouble

Boral ought to come clean with the level of exposure to debt and uncollectable receivables and sour partnerships it has on its books.

The Fin Review has merely touched the tip of the iceberg in its report on Boral in its edition of today. Boral has some yet to be reported worms in its investments and in its "partnerships". They are likely to have a huge bad debt coming up soon if the public record on one of its client's is anything to go by.

The Fin Review's parent demands that Gina Reinhart commit to the charter of their media organization. I wonder what that charter entails. Selective reporting and selective "truths" perhaps.?

Watch this space. Queensland has a number of corporate disasters which hangs over the state which no one wants to broach. Not the media not the government.

Only Queensland can sweep under the carpet such rot and impending disasters because it is part and parcel of the corporate and government culture in that state. It was under Bjelke Petersen and in continues to this day.

The third tunnel in the state is in trouble. And so too is Boral and many others like them.