Environment
Gunns shares: Not another TT scoop
Puzzled, October 5, Tasmanian Times:
Coincidentally, or not, in the days immediately following Gunns having been shown the assessment, up until the day this story appeared, the share price for Gunns jumped from 2.790 on 28/09/07 to 2.990 on 02/10/07. This jump, of around 8%, can be fully appreciated by viewing the ASX graph.
Crikey: staffer Thomas Hunter, October 10:
According to an anonymous Crikey tipster, “Gunns Ltd was given confidential assessment information at 2pm on 27 September. No public announcements or additional relevant media coverage was made to the public or the market until 30 September. But, for some reason, between 3pm on September 27 and 11am on September 29, 18 million shares in Gunns Ltd changed hands – seven times their usual volume of trade.”
You can’t read more here, because it’s the Crikey email, but you will be able to on their website tomorrow!