Here, and on it goes, seems to me POSCO are waiting to see which way the market runs, also who is going to pay for the work which is being done now? It states if the deal goes down POSCO will pay their share, if not we the shareholders will pay. Question is does GUN have enough funds to keep going until August or will they need funds. When August comes there are no guarantee's that POSCO will proceed.
GUN Price at posting:
19.2¢ Sentiment: None Disclosure: Held