Joewolf,The answer to why not is leadership.You are correct,...

Joewolf,

The answer to why not is leadership.

You are correct, everyone has their hand out for money but I have already paid and wont pay again.

Forestry in Australia is government policy gone horribly wrong with no sign (at all) of what's next.

Remember, the tax deductibly of foresty was a government policy more than 10 years ago. The deduction was based on the harvest proceeds deriving assessable income and being taxed (presumably recouping the original deduction and some more $ back to treasury).

Not a single polly has wanted to know about this INDUSTRY collapse. As an investor, my losses hurt. As a taxpayer, the billions of $ wiped off treasury because of this collapse is a bigger concern.

Not to mention, jobs, exports, a native forestry logging solution - Carbon solution I could go on.

The initial GTP creditors meeting someone got up and said the biggest creditor is the government. He was right.

Unfortunately Joe, no-one is going to take on these trees, including Gunns (see the Gunns note analysing its balance sheet and profits - shakey at best as a long term solution).

The industry in the majority is going to die (ex SW WA and Tasmania, maybe VIC). The KI farmers will buy the land back and start traditional farming again.

Sad thing is, 10 years from now we (Australia) will do it all again - some other bright spark (privately or a Polly) will have an idea so solve the demand for wood.

But that is going to be too late for these trees.