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0.00% $3.90 nrw holdings limited

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

  1. Parma
    1,757 Posts.
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    20/03/19
    16:06
    Post #: 37826975
    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
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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