Tasmanian Times

Environment

Gunns squeezed by credit crunch

Dani Ecuyer

With a tumbling stock market capitalisation having fallen to around $960m and a much-weakened balance sheet and earnings that have gone backwards, it seems unlikely bankers in the current financial market would contemplate putting $2 billion worth of financing together for a controversial carbon-intensive project proposed by a company struggling to meet existing debt obligations. Read more here

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1 Comment

1 Comment

  1. Mike Adams

    August 23, 2008 at 12:51 am

    One East Tamar farmer has said privately that they would never allow easement for Gunns pipeline, no matter what they were offered.
    We guess Gunns will either have to obtain State government sanction to acquire it, or find an alternative route.
    Maybe through West Tamar Council lands??

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