GNS - Gunns Limited

[mrthong]

omg. i shouldve exited it at .105 im going to take an arrow to the knee and wait this out till the end of jan. right now the share price is killing me. seems like GNS has a few deals coming up at the end of this month? i shouldve read more about gunns before making impulse buying.

 

[mrthong]

"PULP MILL MAGISTRATES COURT CHALLENGE DISMISSAL"
seems like it created hope for the company, that it is going to survive and the pulp mill is going to happen despite their debt issue.
anyone think its still a sinking ship?

 

[Smurf1976]

7 years ago I went to Queensland on holidays and remember quite well talking about the pulp mill proposal with a taxi driver.

7 years later and there is a cleared area of land (land which they already owned) at the pulp mill site and that's it. Meanwhile practically everything from the sawmills at Scottsdale to retail hardware stores has been closed down (absolutely devastating the Scottsdale community due to job losses by the way) or sold off and the entire timber industry is in outright crisis.

Now supposedly we're about to see a company with no prior pulp mill experience, and indeed little recent experience at running any successful business, build a $ multi-billion mill that will be one of the largest in the world. I'll believe it when it's substantially built - and by that I mean a lot more than just some earthworks.

 

[ricee007]

RE: no experience... to be fair, they are LOOKING for an experienced partner.

 

[Chasero]

RE: no experience... to be fair, they are LOOKING for an experienced partner.

Investing in a company praying for a joint venture?

Reminds me of the numerous uranium companies that have been on a downtrend for years and have one announcement every 3 months..

Most are about possible partners

 

[ricee007]

Investing in a company praying for a joint venture?

Reminds me of the numerous uranium companies that have been on a downtrend for years and have one announcement every 3 months..

Most are about possible partners

Whilst I understand your cynicism... Gunns is, clearly, completely, and utterly, different to a uranium exploration company.

Timbercorp, Elders, Great Southern are better comparisons (and, still, don't bode well for Gunns, I know!).

 

[Chasero]

very nice ann out today!

loan agreed on... for next 9 months or so?

 

[Chasero]

Huge trading day today.

Maybe up 60%

 

[Smurf1976]

I assume this is an April Fool's Day joke but there's a story in the paper today that the Australian Government may be willing to finance Gunns' pulp mill proposal.

http://www.themercury.com.au/article/2012/04/01/314671_tasmania-news.html

As I said, I assume it's a joke.