Pussyinboots, I have been a shareholder for a while but not three years + like others here. Personally I wasn't thrilled to read about Posco slowing up. I was really pleased to see DuPont signed up and thought the next steps would just sort of move on through. You asked for thoughts on kicking out the board and moving Harley out. My thinking is that is a bad idea. Boards getting chopped and changed usually doesn't work. One of the directors, Oliver recently passed away. If shareholders move out the rest, my thinking is that it will put the development of coburn back for a long time and possibly fully stop the project from getting up completely. Dupont signed up for offtake BECAUSE of the existing board and management. Mr Oliver dies and then we hear that Posco has slowed up. I don't know if they are related but I reckon that it is important to Posco. The only other thing I have seen is Posco selling down their stake on Roy Hill. Maybe they sold down that stake because they will need the money to develop Coburn. The timing sort of works. I don't know but I look at what is happening round the place and I am glad they starting construction with the road. Too me it looks like my investment in the low teens is still working. My broker at RBS reckons it will end up somewhere between 50c and $1 depending on how much Gunson owns in the project and how the funding gets sorted.
Personally, I want to see the project get up and built. It has taken a fair while but it is moving in the right direction. I am holding on and am more than happy to let Harley stick around and live his dream. If you have any great ideas for board members who have experience in building new mining companies get hold of the Gunson chairman and suggest something to help. Personally I think the derogatory comments don't really add much. cheers omg
GUN Price at posting:
15.7¢ Sentiment: Buy Disclosure: Held
