No, read between the lines.POSCO have been sniffing around on...

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