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Gunns shares halt

Market analysts say an announcement on finance for the Gunns pulp mill could be imminent with the company's shares in a trading halt.

Gunns has asked for the halt pending an announcement on capital raising and equity investment, having struggled for years to clinch a joint venture partner for the Tamar Valley project.

Chris Elliott from Shadforths says the market will be keeping a close eye, with Gunns shares at a bargain-basement 12 and a half cents.

 

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