Ann: Coburn Zircon Project Update , page-13

I only just caught up with this news, how disappointing. We did pick this up with the trading patterns in recent weeks. I wouldn't say the deal is dead but it's not a good outcome. Perhaps another example of the Asian tactics (chinese, indian, whoever - we've seen plenty across the sector) of stonewalling negotiations to try screw better prices?

DH is a good man, he runs GUN on an oily rag and has never wasted SH money however it is true he seems to have trouble getting deals done.

I'm holding for now having missed the best opportunity to sell.