I'm inclined to agree with sdmartin10 and cloudstreet. I have...

I'm inclined to agree with sdmartin10 and cloudstreet. I have been a hybrid trader for many years. Sure GNSPA and even PXUPA do scare many as both are high risk while MXUPA seems regarded as the same by the market as they have dropped lately. Look at BHP some are saying its looking at $20. Red ink everywhere.

I think there is a strong change that Gunns will pay a distribution this time around. Its not a lot of money when you think of about $1.74 per unit over 1.2 Mil units. I see Gunns trying to hold the line and the small outlay to pay a dist tends to keep faith market wise.

Lordolean's comment in MHO really has no basis in fact. Every one to his own.

I'm hanging in there simply because I have too many to sell.

By the way, today I notice Bell Potter has a consensus turnaround recommendation for KZL, MRE and GNS.

Its really unfortunate for Gunns to have to reorganise itself in this market volatility. Here's to a relief rally early Oct.
Very good posts guys.

Don't follow me I'm pleading insanity.