I'm watching very closely as I'm very interested in getting back in at these sorts of prices. I sold out last year around 12 cents when it became obvious POSCO were playing GUN.
I want to see a clear strategy to extract value from Gunson though - value which will increase when the AUD corrects which I expect in 18 months or so.
I really like David Harley. I think he is a good man, good ethics who has run this company on the smell of an oily rag. I also think he has struggled without the skills to get a deal done. He either needs to move aside or bring in someone else to do their negotiations as this fiasco with POSCO is not the first such failure. Kudos in the end to finally pull the pin on them though.
GUN Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held