Gunns have been working toward the prospectus which I have always said would be at the end of the month. The latest announcement appears to confirm that so on that basis everything seems to be on track. I am aware of at least 2 lines of interest on the recap but for now the company seems to be trying for those who support the pulp mill. Existing major shareholders really have no choice but to top up after the Chandler fiasco, either that or throw the entire investment away....
GNS Price at posting:
16.0¢ Sentiment: None Disclosure: Held