Trouble at mill.

The article reports on issues concerning pulp mill Gunns in Tasmania. According to the author, Australia and New Zealand Banking Group had withdrawn from a capital raising for a pulp mill that equates with almost twice Gunns' market capitalization of $1.2 billion. Broker JPMorgan argues that the standalone value of Gunns excluding the pulp mill is $2.57, only slightly below its current value of $2.72.