the point to note though is that the big debt on TIM relates primarily to their "ïnvestors" - if the amount they receive in the future goes up (with higher woodchip prices) this helps along way on paying back TIM.
Apart from govt regulation this is the other reason sp has tanked
there was a $71m placement at 1.525 not too long ago (insto belief in coy?!)
So I am seeing another gain over the next few days to maybe 1.525 before some peple who bought at 1.13 start to bail
there was talk last year abouta takeover but who knows
TIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held