FEA suspension extended until just after election, ie until 22 March.

See http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=FEA&timeframe=D&period=W ASX announcements 5 March and 3 March.

Since Gunns are a substantial shareholder in FEA, I suppose pre-election announcement of Govt assistance would be controversial.

http://www.themercury.com.au/article/2010/03/05/131731_tasmania-news.html also reports: “…

Meanwhile, there has been heavier than usual trading in the shares of Gunns Limited shares today.

By 11am more than 10 million shares had changed hands compared with a daily average of over the past week of 4.9 million.

The share price is up by nearly 2 per cent to 57 cents.

The market capitalisation of Gunns Limited has dropped to $366 million since announcing a 98 per cent drop in half year profit last week.”

This morning’s heavy trading appears due almost entirely to one very substantial trade.

No Comments yet at

http://www.themercury.com.au/article/2010/03/05/131731_tasmania-news.html or at

http://www.examiner.com.au/news/local/news/arts-culture-entertainment/fea-requests-suspension-extension/1768799.aspx

HERE