Gunson is a dead duck after failing to pin the Korean Steal Company Posco to a deal. in the past 2 years Gun's SP has gone from 24c to 2c, That is the second deal to fall through in the past six years. It is partly due to the Zircon price which has fallen substantially in the past 12 months mainly as a result of reduced demand in China.
Ann: Argonaut underwrites $3m SPP , page-11
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