Gunns Investor Information Service
WE ARE entering an unstable investment environment created by a combination of the unravelling US sub-prime crisis, extreme weather events, fuel availability concerns and an on-going drought in Australia. This is the environment in which Finnish supplier Poyry is selling Gunns a $1.x billion pulp mill that they’ll have to go into deep debt to purchase. Gunns is also paying Poyry as consultants to guide them through the project. Years ago, it was Poyry that ‘advised’ Australian government to get into tree plantations and recommended that Tasmania was a suitable location for a world scale pulp mill. Make no mistake, Poyry is writing Gunns script and there has been no independent verification of their claims whatsoever. Read more here
