posco , page-9

I may well be wrong with POSCO, but a quick look at their website indicates that their core business is steel and associated products, world-wide. So it seems zircon and mineral sands generally may be an attempt at a strategic diversification, which would seem to make sense given the global changes we are witnessing and the shift of economic power to Asia. Hence, I am optimistically hoping that they see Gunson as a good fit for them strategically, in terms of diversification. In which case, maybe the volatile events in Europe, and even the US's recession dragging on, could spur them to get this deal done and therefore give them a slightly diversified income stream going forward, while demand from Europe and the US languishes. Here's hoping for a deal, anyway!