hey david talk to us, page-4

No, read between the lines.
POSCO have been sniffing around on this deal since November last year.
It does not take 10 months to do due dilligence and then cut a deal.
DH and GUN have been played like a trout on a flyline, and reality is they appear to have not working with other options.
They have made a big mistake in the art of negociation, they have forgoten they have a position of poweer, they have the project, but no they have been puskhed around by POSCO.
I have said it before on this GUN forum, take a look at BSE, same sort of mineral sands project, but in Kenya, capital cost to build more , due mainly to infrastructure costs, and they have had no issue getting funding, Why?
Simple answer very capable , savvy, smart , management who know how to raise funds and get on with it.
BTW i dont hold BSE shares, wish i did, but i chose to go with GUN.
So in short the "major" problem (sorry shouldnt have said the major) is the incompetant management at GUN