tip off

(Graeme) Wood for the trees: Tassie’s psycho forest wars reignite

Tasmania’s woodchip industry is uncompetitive, overseas demand has dried up, and Australian plants are closing. So why on earth are loggers still talking about the closed Triabunna woodchip mill as if it could be reopened?

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In Tasmania, even crooks like Gay can run a business

Tasmania’s judges just don’t have a bad word to say about John Gay. How is it the former Gunns boss can run a company again, asks business director and commentator John Addis.

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Why ASIC chases the tiddlers and lets the big fish go

Being a corporate watchdog is only part of ASIC’s remit. The other task is to raise money for the federal government — as John Addis argues, these two demands are often at odds with each other.

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Will ASIC try again on Gay’s Gunns insider trading proceeds?

Former Gunns chairman John Gay isn’t off the hook yet: ASIC has revealed in Senate Estimates it could still prosecute after his insider trading conviction.

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John Gay, Jonathan Moylan and a tale of two ASICs

When it comes to corporate crooks, ASIC is content to wave through minimal fines. But look out if you’re online. Then its pursuit will be relentless.

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Tracing a fall from grace as Gunns baron fined for insider trading

Former Tasmanian timber chief John Gay has been fined $50,000 for insider trading. Former economist John Lawrence traces what went wrong for Gunns and Gay.

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TAS|

The $1 billion taxpayer-funded Tassie forestry gravy train

The Tasmanian forestry industry is out for the count. But it is taking $1 billion in taxpayer dollars with it, writes Tasmania-based freelance writer John Lawrence.

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How your taxes bailed out insolvent timber giant Gunns

Gunns might have been trading insolvent when it took $23 million from the federal government for its non-existent pulp mill, writes Tasmanian economist and analyst John Lawrence at Tasmanian Times.

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Tas forests deal unpacked: the story behind the numbers

A deal to end the Tasmanian forest wars will soon go before state Parliament. Tasmanian-based accountant and former economist John Lawrence crunches the numbers and poses some pertinent questions.

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Pulped: Gunns’ Tassie mill is finally dead

The Greens tread a fine line in claiming their third victory in Tasmania. Though there seems little doubt Gunns’ proposed pulp mill is dead, writes Bruce Montgomery.

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Smoking Gunn: John Gay and the timber giant’s rise and fall

John Gay was not at the helm of Gunns as it sank into administration yesterday. But his fingerprints are all over the rise and fall of the once-mighty timber giant.

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Flanagan: Gunns’ demise lifts a darkness over Tasmania

It was Gunns’ greed-at-all-costs attitude that destroyed its public reputation and ensured its financial demise, according to Richard Flanagan. The company and its planned pulp mill had gone rogue.

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$10b in write-downs signal back-to-the-future reporting season

It’s a welcome to a re-run of 2008-09, judging by the huge write-downs emerging this reporting season from some major companies.

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Trouble at mill … is Gunns’ pulp plan dead?

Gunns has announced it no longer believes its seven-year plan for a Tasmanian pulp mill is “probable to proceed”. John Lawrence, an accountant and former economist, asks what went wrong for the once-mighty forestry giant.

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What’s in a name? Gunns considers a change

Gunns Limited has conceded it is considering a name change, writes Myriam Robin, of LeadingCompany.

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Race to find financier as Gunns pulp mill faces facts

Tasmanian timber company Gunns’ proposed $2.3 billion Bell Bay Pulp Mill — still reeling from the withdrawal of a key financier — could be facing an uncertain future at the hands of throat-cutting global competitors, a major industry conference has heard.

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Super Thursday for AGMs with Gunns and Woolies in firing line

The AGM season formally finishes next Wednesday, November 30, and the final days will feature the traditional avalanche of penny dreadful gatherings, most of which will be missed by the media.

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Seeing the ocean through the trees in Gunns debate

Crikey readers have their say.

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Minister: Gunns quit logging ‘because the market forced it to’

Stephen Mayne is wrong. Gunns does not have “a strong environmental story to tell”. It has been the author of an epic Tasmanian tragedy, a tale that has reduced good people to tears, writes Greens MP Cassy O’Connor.

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Mayne: Gunns believes pulp mill approval is inevitable — as it should be

Tasmanian forestry giant Gunns is working flat stick on its $2.3 billion pulp mill project. While the mainstream media has left the impression the project will fall over, there is a sense of inevitability on site that it will ultimately be delivered.

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Tassie forests deal like a Gunn to the head

The ultimate peace deal to end the 40-year war in Tasmania’s forests is dead in the water, writes political journalist Bruce Montgomery from Hobart.

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Fairfax, BlueScope and Gunns should have declared much bigger losses

The biggest week of the annual reporting season is drawing to a close and some companies are hacking into their balance sheets like the GFC days.

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Mayne: where to for Gunns, logging and the pulp mill?

Shares in the financially struggling Tasmanian timber giant Gunns remain suspended ahead of Monday’s profit announcement and the ongoing clifftop poker around exiting old-growth logging and financing the $2.3 billion pulp mill.

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Gunns’ pulp mill: in the land of the blind, the one-eyed man is king

Gunns Ltd’s pulp mill has paralysed and poisoned Tasmania’s public life and private life, even divided towns and families, writes Lindsay Tuffin, of Tasmanian Times.

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Why Gunns is teetering in Tassie

What company has received $500 million in cash from the issue of new shares over the past three years but only has a market value of $300 million? asks accountant John Lawrence.

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