I suggest that Gunns are up the Tamar without a paddle and I paint this possible scenario.
The ANZ will not lend them any more money and are reviewing their assets against their debts. They owe us the people of Tasmania via the GBE Forestry Tasmania approx 20 million dollars. The only way out is to sell the unsaleable the woodchip piles.
The Bartlett government comes to the rescue with taxpayers dollars fixes a sale for a giveaway price, which of course they will never reveal, so as to refloat Gunns who payback a % of their debt to Forestry Tas freeing up their credit line so the trucks can start rolling again.
The public purse has been screwed. The tide has come in and Labor’s line in the Tamar mud has silted up!
I ask Gay, Abetz, or Bartlett is this fact or fiction?
If a fact and you have all colluded, I smell a Royal Commission in the offing.
This comment appears on Graeme Wells’ analysis, HERE. Comment HERE
Pictures, from The River of No Return, HERE, by Geoff Smedley. The pictures show the silting of the once free flowing Tamar River, caused primarily by logging in the catchments.
