Shares in timber company Gunns fell sharply in intraday trading today, following reports that the ANZ bank would pull out of funding Gunns' controversial $2 billion pulp mill project in Tasmania. At 12.51pm, Gunns was down 18 cents, or 5.61%, at $3.03, having touched a low for the day of $3.01. "There's a bit of uncertainty over the funding of the mill,'' CMC Markets head of trading James Foulsham said. "But there still hasn't been big volumes going through. "So I don't think it's any wholesale dumping by any of the institutional investors or anything like that.''
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/gunns-shares-fall-doubt-over-pulp-mill
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/age-australia
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/paper-and-pulp-industry
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/timber-industry