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Re: Re: [sharechat] ...........FFS

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Wed, 18 Jul 2001 20:24:00 +1200

Thanks, greg!

Yes that number, you gave me would be quite a " honest one " on the part of the Directors.

That would be at the bottom of the cycle. It will take some time before we see another uptrend in most Forest products, I think, but it ought to be a lot more once we get close to the apex of the next cycle.

You are quoting the carrying value of the estates. There must be other assets or liabilities? Would the 25 cents/ share include the money, FFS has lent to the CNIF Partnership?

If not, what was lent out and how much per share; what do you or others think?

Thanks,

Gerry

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