Hermal claims Gunns is not fulfilling contractual obligations, including the execution of banking documents.
This wouldn't have any relation to the $7.1 million that is owed to the Victorian government?,if Gunns is found to be obliged to pay the money,that is a whoppingbig hair cut on Gunns own valuation of what it believed to be worth.
Gunns cousin, Elders, is still poking around for a buyer for the last of its remnants in tree plantations,
GNS Price at posting:
16.0¢ Sentiment: None Disclosure: Held
