FEA are optimistic

The popularity of forest investment can be judged by the recent share issue offer by Forest Enter-prises Australia.

The offer of 70 million shares at $1 each, should be fully subscribed, according to Forest Enterprise CEO Tony Seymour.

He said considerable interest had been shown in a recent capital raising tour of institutional investors.

The issue includes a $10 million selldown by existing owners and 60 million new shares.

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