Recent content by fj20det

Re: GNSPA - Hybrid Securities 'The Directors expect to either convert the FORESTS to ordinary equity or undertake an on or off market purchase of the FORESTS at or around the then current market price following completion of restructuring and refinancing transactions. The transactions are...

With GNS now at 26 cents we are in the zone for Issuer Exchange where Gunns may, at its sole discretion, convert GNSPA at the maximum conversion number of 407 GNS ords. At 24 cents this converts at less than $100 face value. Exchange is unlikely given Gunns is reducing debt (GNSPA is not treated...

I have held (and still hold) GNSPA for several years and enjoyed excellent yield. In search of the Holy Grail of cash redemption which I thought might occur around mid 2011, I have several questions. I have seen GNSPA drop as low as $46 on 26 Feb 09. At these prices why wouldn't Gunns buy...