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Re: Re: Re: [sharechat] CITIC and Forests


From: "Laura and Richard" <lool@optusnet.com.au>
Date: Thu, 15 Aug 2002 21:04:54 +1000


5% ?,works out to be 29% who voted against,does it not? .Wonder what GPG has planned,and how advanced those plans are.Interesting also that chris liddell should mention the receivers perhaps withdrawing the assets from sale.wonder what else he knows?Although the banks would be keen to offload the estate,would they sell to anyone for the right price or do they have other interests to protect ie.their extensive lending to other nz foresters for processing and distribution operations in the present and in the future.I would imagine that thousands of tons of cheap unprocessed logs coming from the largest single standing man made forest in the world would impact considerably on those operations.Pity the poor ports also,all that money spent to efficiently move and track more containerised cargo only to have to bulldoze it all again for log yards and tarps.

 
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