Jackob said:From http://www.theage.com.au/news/busin...n-harder-ground/2007/02/26/1172338547593.html
Hardwood timber falls on harder ground
February 27, 2007
Queensland Paulownia Forests Ltd (QPFL) — a forestry company that trades on the Bendigo Stock Exchange, and planned a listing on London's Alternative Investment Market just two years ago — has gone to the wall owing close to $100 million. It has also taken 457 convertible noteholders down with it.
Paulownia is a hardwood from China that-----
Out Too Soon said:Ahhh stop vacillating! GTP's going up while everything else is plunging- no brainer- I'm back in.
Porper said:I think you have your chart upside down out too soon.
Turn it the other way up and you will see that in the last 3 weeks it has gone from $2.40 to $2.04.Just having a retracement from the current strong downtrend i.m.o.
pch said:I have info on a new product from GTP. The high value timber project HVT is stuff like teak and african mahogany.
$12500 per woodlot and a 17-20 year rotation!
Project size is 2000 woodlots + oversubscription.. Some returns in years 8-14 due to thinning (up to 3 times estimated).
GTP gets %15 of the harvest.
I've been told its slower growth but much higher quality timber..
Out Too Soon said:I have 3 African Mahoganys at home, lovely big tree, easy fast growing, I'm tempted to clear some of my block & put 100 in, just have to cut off the branches as they grow so you have one long smooth trunk apparently.
The GTP knockers will snicker but what's happened to GTP's interim dividend??? I can't see any ann about it. Not a great way to keep your shareholders happy.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.