The anointing of a rival bidder by research houses means Pulpwood Plantations is an outsider to secure the necessary votes this week to take over Great Southern timber schemes.
The battle for the hearts and minds of Great Southern scheme investors has escalated with Gordon Martin returning to the table with a revised offer and a new partner, Nick Tana.
Perth businessman Gordon Martin has challenged potential rivals for Great Southern assets to put forward detailed proposals as funding for the collapsed company's assets is about to run out.
The Bunning family and Azure Capital's John Poynton are part of a new bid for Great Southern's timber assets, pitting themselves against Perth businessman Gordon Martin.
A MOVE by Perth businessman Gordon Martin to bankroll a $20 million "rescue package" for Great Southern investors is widely expected to be the first of several competing proposals to be lodged in the coming weeks.
Coogee Chemicals chairman Gordon Martin has challenged receivers of Great Southern by devising a plan to personally contribute the vast bulk of working capital, of up to $20 million, needed to enable six collapsed timber schemes to be brought to harvest.
The number of Western Australian chief executives earning more than $1 million increased to 37 last financial year, helped in most cases by bonuses and share options.
