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GTP - Great Southern Plantations

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suhm said:
its a bit late to vote isn't it unless you turn up to the meeting? You had to have sent in your proxy last week.
Click to expand...

NO

Quote from Proxy Form: "For your vote to be effective it must be received by 11.00am AEDST Monday 21 December 2009"


VOTE
 
Having done me dough, I hope Gunns gets up otherwise the banks will sell land the lot asap and create a buyers market. My guess is that Gunns then buy in at bargain basement prices without the impedence of growers. Handy. Of course John Young may pick up a bargain or two...Can proxies be faxed?
 
Unless he physically turns up tomorrow with the paperwork and casts a real time vote.

Rumour has it we haven't got anywhere near 50%
 
The earlier schemes will likely get the 50 % hurdle as GTP liquidators will likely vote YES. But the 2004, 2005, 2006 scheme will struggle to make 50 %. Gunns might call for another meeting if this is the case. It is interesting how the GTP liquidators will play their hand.
 
My accountant was saying that if the 50% was achieved that there might be room for the courts to say that it is in the investors best interest for the RE to be replaced my Gunns and that after (some) time Gunns might get the guernsey anyway...

I'm not sure exactly how it works... but perhaps it's a glimmer of hope...
 

I meant to say if the 50% WASN'T achieved there might be room for the courts to say that it is in the growers best interest... etc...
 
pist'n broke said:
Seems 2001, 2002, 2003 did not make it, by a large margin too.
So Gunns may not go ahead at all. Oh well, apathy rules.

http://www.theaustralian.com.au/bus...at-southern-vote/story-e6frg95o-1225813153806
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According to this article (posted at 6:29pm 23 Dec 2009), Gunns will get everything...except for one. Or maybe I have read it too fast.

http://www.businessspectator.com.au/bs.nsf/Article/Gunns-to-run-Great-Southern-forest-assets-pd20091223-YZ8FF?OpenDocument&src=hp2&rf=s
 
Hmmm - good sense seems to have prevailed.
Only 2006 pple to get motivated and sort things out in Jan....and join the living.
 
smh.com.au/business/great-gunns-vote-seals-deal-20091223-ldd6.html

PS what is happening to the 2007/2008 lots??
 
Does anyone know of any bidder interest in the High Value Timber schemes? Gunns weren't interested. I suspect a wind-up
 
Anybody heard from Gunns? I haven't heard from them at all since they became RE. Heard plenty from Adelaide and Bendigo though
 
This must be good news month, Wally1952! Things just keep getting worse and worse. Had high hopes for Gunns. We invested in 1998 and 1999 plantations and count ourselves awfully lucky to have received SOME return after 10 years. Not even close to the outlay, but heck, in today's climate it's ruddy amazing to receive money and not have to pay it out. As the years ticked over we thought to ourselves, well, at least we'll have the Great Southern money coming in just when we need it! Funny that.
 
irenebrisbane said:
As the years ticked over we thought to ourselves, well, at least we'll have the Great Southern money coming in just when we need it! Funny that.
Click to expand...

Yep, same here! I'm retired now and we had enough trees to go on a nice overseas holiday every year for four years. Well, might be enough to fill the tank and head down the beach, if we are lucky!
 
so does that mean that this is "game over" for us investors?? just read in the news that Gunns is on their way down...
 
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