NWH'ers, The below is an extract from the announcement released...

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Parma

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20/03/19

16:06

Post #: 37826975
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Originally posted by sabine ↑

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

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NWH'ers,
The below is an extract from the announcement released on 24th Dec regarding the "Support to Gascoyne".
My read on this is that the loan and the mining contract NWH has with GCY is secured, and therefore we can not lose. That is of course if GNT have sufficient assets.

Can others with a differing interpretation on this please provide their viewpoint.

"The facility and associated mining contract is secured by a subordinated general security agreement over the assets of GNT. "

NWH Price at posting: $2.42 Sentiment: Buy Disclosure: Held
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NWH'ers, The below is an extract from the announcement released...

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