While others gave you a bad rap I thought your post had merit.
How prophetic now to revisit the post
"More for JV means less for existing shareholders and less for RCC.
Screw the shareholders anymore and they won’t cough up. And without them contributing, RCC is unlikely to show anyone the colour of his money. Screw RCC anymore and he may just as likely opt to watch from the sidelines. Without RCC there’s no pulp mill.
Or maybe it’s not about the pulp mill any longer?
It’s a delicate deal, not a fait accompli. I’m sure there’ll be times during due diligence when the thought crosses RCC’s mind….just what are we doing even talking to these guys? "
The current situation could well spell the end of Gunns as we know it. Such a pity as it has been a vibrant, necessary part of the Tasmanian fabric for so long.
Hopefully the protesters and Greens are proud of their contribution to the possible demise of yet another piece of Tasmania and what that will represent in human terms.
Hoping something can be resurrected for the sake of Tassie.
GNS Price at posting:
16.0¢ Sentiment: Sell Disclosure: Held
