This is another wrought concocted by Mr Butlin and his GS cronies. He has sold this to PPPL and the GS Investors will pay again if this goes ahead.
Remember that previous GS harvests have incurred Harvesting costs totalling upto 60% of the Gross Harvest Proceeds. Now add the 20.5% that PPPL...
Well done pist'n broke.
This is another Project transform in the making.
What scares my to hell is that if they are relying on Mr Butlins experience then this is doomed and I for one will not be part of it. As I did with Project Transform and voted against it and will vote against this...
Beware the Wolf in Sheeps Clothing!!!
Further to my previous post on the proposal by Pulpwood Plantations and to air some of the concerns already posted by others, Growers should be very wary of this proposal given the involvement of the CEO - Mr Butlin (aka Project Transform).
Depending...
Hi All,
SAVE MY TREES!!!!!
Your involvement is required.
We need you to register your interest on the website immediately,
http://www.savemytrees.com.au/
For your information this group is being run by a one man band accountant(woman actually)!! They have previously advised on and sold GS investments to their clients.
I strongly doubt their ability to muster their muscle to put together and run a co-op of this magnitude and importance...
Check this out:-
http://www.afr.com/home/login.aspx?EDP://20090610000031232548§ion=industry-primary_industry
Also great article in the Aust Fin Review on Mr Young and Co. It's right on the money. Their days are numbered..................
Shadow.
Kev,
I too have a couple of GS loans now with Adelaide and Bendigo Bank.
The additional problem we are now also facing is that these jokers are looking to enforce significant breakcost/payout penalties.....can you believe it!
I have had my loan agreements reviewed and there is nothing...
There has been alot of talk about the ownership factor in relation to the Lease & Management Agreements that Growers hold.
It is my understanding that the Leases or Sub leases are what has been called Perpetuity Leases - that is they expire when the crop matures. I believe that this is not a...
Hi there,
I attended the Creditors meeting today.
Very disappointed with the turn out. Way more people attended the Timbercorp meeting thna the GS meeting.
The Administrators for GS are far more professional than those of TIM.
Still there are alot of unanswered questions. The Admin...
People,
I dont want to rain on your parade..after all i am a significant investor across a number of the GS MIS Projects.
However a number of you need to understand that you cannot just form a co-operative and ask people to contribute further funds. There are rules for this. (despite GS...
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