Tags: gunns ltd

12 Oct 2008, Comments (3)

Man-Bites-Dog story

Author: Helen

Treebeard the Ent

This is delicious: FORESTS might help to destroy Gunns Ltd’s latest old growth-chomping project.

Frankable Optionally Redeemable Equity Settleable Transferable Securities, that is.

No, this is not a joke. Surely a box of Monte Christo cigars will have been bestowed upon the banker who dreamt up this acronym.
Anyway, Gunns is looking to wrap up its $430 million capital raising by early October, before the interest rate on its Forests resets on October 14 to an expensive 12.5%…

October 14, eh? Tick, tick tick…

Of course, it’s more fun to imagine Treebeard storming into the Gunns Ltd boardroom, bearing two tonnes of old growth woodchips, all of which he forces John Gay to eat. With milk but no sugar.

30 Aug 2007, Comments Off on Why I’m an atheist

Why I’m an atheist

Author: Helen

If there was a God, when Paul Lennon – the premier of Tasmania at the centre of the rotten-to-the-core relationship between the State government and Gunns Ltd – pronounced piously that the Federal Government was corrupting the approval process for the Tamar Valley pulp mill, he’d have been struck by lightning and reduced to a wisp of charcoal on the spot.

Unfortunately, that rules out hell.