MICHELLE PAINE, The Mercury:
A GROUP led by Meander Deputy Mayor Bob Loone will continue its fight over logging in water catchments. The Western Rivers Preservation Trust placed an ad in the middle of the share listing in the Australian Financial Review “warning” Gunns investors it would be testing the river water supplying the towns of Chudleigh and Mole Creek as logging continued. Mr Loone, founder and former owner of 40-year-old Loones Rural Services, said he wasn’t afraid of being sued after the ad. The group, many of them farmers, argue that logging in the area, which is riddled with underground caves or karsts, silted the water so badly they lost water altogether last year. “The ad’s just the truth. I know how it will work, they’ll set out to destroy anybody’s credibility and neutralise the issue,” Mr Loone said.
Read more: Here
And,
Investor confidence in Gunns is vital to the viability of the planned pulp mill. A rough analysis indicates that there has been significant fluctuation in the company’s share price — from an all-time high in 2004 of $4.80 to a low last October of $2.71.
And now:
Latest Stock Market detail: HERE
Earlier, TONY McCALL: The industrial museum at Long Reach
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