Bullish Sign? - Bounced off 200 EMA, page-2722

Also in a worse case scenario if they walk away, they end up with machinery and employees which/who is/are likely to be welcomed elsewhere ......

Pioupiou I do not understand what you mean by the ‘increase in marginal cost would have been lower than $12 million’.
That was the amount they lent .
I read marginal cost has something to do with costs going down as bulk of work increases which I don’t think applies.
You mean there are write offs of some kind likely to be associated with making the $12 million loan?

I agree with you that NRW is likely being more selective these days .
But it was being quite selective even back then - remember how it almost agreed to work for Enpire.(which would have been an unmitigated disaster) ..and the fact it stood back when UBS or somene undercut it (as I recall) in one of the WA Northlink jobs?

Retrospectively, along the road to recovery, FAL, Hughes Drilling and Gascoyne have turned out to be ‘gambles’.
But in many ways I think they paid off handsomely as way stops on that road despite their thorns.
And NRW seems to be going through a process of dethornication in line with what you say about the company now being stronger and able to be more selective/assertive.
-FAL was full of widely publicised and ongoing uncertainties which are now contained.
-At Hughes the drills needed refurbishing....but this division is now performing well by all accounts with maintenance issues under control ( although I keep reading stories about the autonomous drills of the future )
-Gascoyne Resources and the Dalgaranga Project - might have been a fantastic job but turned out to be a dud so far
....and whether to help out the bank, GCY or us NRW did loan it the money .
Soon we will see what happens next and, on the bright side, maybe something good will still come out if it . There IS supposed to be good gold there somewhere .
Cheers