Tiwi Islands – Northern Territory

Archive for May 11th, 2009

Great Southern remains in trading halt 11 May 2009

Posted by tiwiccbb on May 11, 2009

http://www.abc.net.au/news/stories/2009/05/11/2566619.htm?section=business

11/5/2009
ABC ONLINE
Great Southern remains in trading halt

A timber company operating on the Tiwi Islands in the Northern Territory has been given more time to publicise its financial details.

Great Southern operates a timber plantation on Melville Island.

In an announcement to the stock exchange this morning, the company has asked to be suspended from being listed and quoted.

Last week the timber company was placed in a trading halt and was given until today to release details about its finances.

The company has been granted an extension and is expected to outline its managed investment schemes and working capital by next Monday.

Great Southern says it is business as usual and there are no job cuts planned at this stage.

It says the company wants to provide as much certainty as possible and will make an announcement some time this week.

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Posted in buffer, Christine Milne, environment, Global initiative on Forests and Climate, Great Southern, Indigenous, Landclearing, Northern Territory, Rudd, Tiwi Islands, Tiwi Red | 4 Comments »