Hi guys,whilst I can't help you with the paranoia aspect of...

Hi guys,

whilst I can't help you with the paranoia aspect of trading suspensions there are a couple of points worth making.

Firstly, Futuris via ITF (Integrated Tree Cropping) has decided to fire the starters gun on what has been the most widely anticipated event in any sector recently which is of course the beginning of aggregation in the Agricultural Managed Investment Schemes.

I had already forecast that ITC was going to be interesting and that FEA had only one future - ie being consumed and that has come to pass. In one stroke Futuris has done in forestry what they have sought to do in beef and agricultural supply markets which is to creat a vertically integrated timber compnay growing the trees, financing them and value adding the end product (via the merger with Neville Smith Group.)

The 19.9% FEA stake effectively allows ITC to put a foot on FEA and stop anyone else coming along and taking it over unless it is at some significantly greater price in which case ITC make a big profit anyway.

Trouble for TIM is that they would have thought that the Joint Venture arrangement they had cooling its heels whilst ITC went through the compliance listing was going to place them in a nice position for some of the corporate action.

Now they find themselves relegated from No2 company in the sector.

On the basis of recent sales and profit announcements this latest suspension is far more likely some sort of corporate move. GTP was said to be looking for acquisitions for the last 12 months but hadn't found anything that they liked the numbers on - they are mostly buying a brand and distribution more than anything greatly in the way of assets after all....

GTP was supposedly of the view that everything it needed to get bigger could be achieved organically.

ITC is putting in place a completely different model rather than selling financial packages to investors planting the trees then shoving the chips on a ship to Japan.

TIM has another model again of course with their recent investments and joint ventures in Olive Oil and processing and Almonds, Grapes etc etc.

Finally, reference was made to bad news from ALL and PTD following suspensions. A quick look at the relevent charts shows the suprise news wasn't such a sprise to some coming after the various stocks had been sold off for periods, in the case of ALL for many many months.

TIM in contracst has been very strongly bought up in the last few months with the chart showing patterns indicating serious accumulation.

TIM is also in serious growth mode in an industry sector also in serious growth mode.

Just got to be patient I think.

Cheers,