Wooduk,Thank you for all the posts under GTP. However, sorry, I...

Wooduk,

Thank you for all the posts under GTP. However, sorry, I didn't have time to read all of them earlier.

GNS I reckon won't survive without govt subsidies.

I am a bit confused with woodchip price, which in my impression was ~$200/bdt(bone dry ton) as announce by GNS not long ago. How it became $40/ton(wet?) (2 wet ton = 1 bdt) now, when the TAS govt came to help GNS to sell them to China? Aren't there subsidies involved?

See
http://sres-associated.anu.edu.au/marketreport/report14.pdf
http://www.borderwatch.com.au/archives/3171

Another bad thing is that the TAS govt announced to give more native forest to GNS to pulp in the future. This is awful. I think this news item came with the woodchip sale to China together. The official excuse was to save the jobs of workers!

Alas, GNS purely survives on dirty money!

In today's AFR there is an article (page 20) titled "Gunns may add surprise to results", which says GUNNS may give a big surprise next Monday when it releases the HY report, but it doesn't know what that is. (May be "project reform"? LOL!)