financing coburn, page-6

As a long term holder who has been generally frustrated with the slow progress of developing coburn I am not adverse to a take over IF the price is right. With the present and future prices for Zircon and Titanium expected to be up for at least 5 yrs then the last thing we need to do is sell the company for zip. One thing that has frustrated management over the years has been the poor deals put to gun by interested parties. One thing of note from recent news released by gun is they want to go it alone. To get the financial backing required will need greater detail as to the resouce in place and the percentage recovery rate from a subtancial sample (presently being done) If the numbers add up finace will arrive or if not will at least provide gun with a better value of resource in place for any possible take over.
Management may have been slow but at least they are methodical in doing due dilligence.They have run the company very mean and lean through GFC and can be applauded for this.

Finally speculation of a take over at .45 cents and thinking all share holder will jump at it is selling Gunson and Coburn ( the third largest Zircon resource in the world) very cheap and can only be the ramblings of either a hard up day trader or someone who needs to do alot more research on gun.

Cheers DYOR