Gunns

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The banks have pulled the plug on loss-making company Gunns after it announced a $904 million loss. Image from www.shutterstock.com

Timber giant Gunns felled by the ‘perfect storm’

By Fred Gale, University of Tasmania

Forestry company Gunns has been entered into voluntary administration after posting a $904 million loss today. Tough economic conditions, including a high Australian dollar and falling woodchip prices…
Chessammo
In the game of economic and environmental chess, Gunns’s position is looking precarious. ChessAmmo.com

Gunns heading for its Tasmanian endgame

By Fred Gale, University of Tasmania

In chess, the endgame takes place when only a handful of pieces are left on the board. In close games, the players must select the best move available to avoid being checkmated. Gunns – Tasmania’s “forest…

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