Re: Greart Northern not so great now- Well was it really Austrac???

["Grahame Ferguson" <grahamef@users.mcmedia.com.au>]

Stuart Ellis wrote in message <377C0CD1.C904568C@zipworld.com.au>...
>
>
>JD Green wrote:
>
>> Just got off the phone to one of my friends at GNRS and he informs me
that
>> Paul Moore and Associates have decalared Bankrupt and have to sell up.
>>
>> Its a real shame to see one of the great private rail companies lose the
>> battle against the big guy. Hopefully a buyer/investor can be found to
keep
>> them alive.
>>
>> thats all for now
>>
>> JD
>
>Where in the hell do you get such information ?.  It is totally wrong. I
just
>spoke to Paul Moore directly and informed him of this and he said that they
>have not declared bankruptcy, but in fact that they are doing extremely
well. I
>think the info you have regards Austrac. I have been reliably informed that
>Austrac have declared bankruptcy., and have re- started under a different
name.
>Instead of Austrac operations, the new name is rumored to be Austrac
>transportation services
>
>Stuart Ellis
>

Can anyone verify who has gone Bankrupt?
Some tell me that GNR has because of diminishing work, and large purchases.
Then I hear that Austrac has been in receivership.
Now I read that it is not GNR, but Austrac has survived under a new name.
What is the Truth?  What will be the next Saga to be posted??