i think this one is ok. The announcement was named price sensitive and it was very good news but it's not especially material at this early stage. It's basically confirmed the trend and expectations of Torrens' study to date. There's a lot of work to do yet.
There are good things to come out of Mt Gunson yet but I think the most important news this week was actually Dixon's buying. That's where a floor came in and support started to push up. This sort of internal support, following on from Bill Bloking's strong support, is critical given the delicate position the company is in. If there's any grey it's blown away for the shareholders by having directors putting their money on the line.
I'm hoping it gives GUN the chance to get the balance of the cap raising off which should buy enough time for Torrens' study and our markets (and possibly the Aud$ coming down) to deliver capital value.
GUN Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
