Thankyou Pioupiou .... for trying to explain this although my...

Thankyou Pioupiou .... for trying to explain this although my brain just reacted very badly and then had a mutiny and walked the plank and I had to eat chocolate which hardly ever happens.

I might have a flight hangover or residual blood alcohol levels due to drinking shiraz at Perth breakfast time.
..I hope it doesn’t end in tears.

Gascoyne too.
I hope it doesn’t end in tears

Oh dear .... poor Gascoyne ....



..But NRW Holdings is what is important to us and if Gascoyne has become a thorn in our side then it should be treated with magnoplasm not magnaminous. (Jules has been very magnaminous and supportive for a very long time already going back to his public support at the Diggers and Dealers last August and culminating in the loan .)


I think what you are saying is Gascoyne borrowed the money to pay agreed fees ie NRW costs plus profits, and NRW might prefer to reduce the amount of the loan on its books instead of booking profit? So loan can be viewed as less than $12 million?
Meanwhile if there is a shortage of employees/equipment elsewhere the company may well be looking at the lost opportunity costs of continuing to pursue a thankless project? ..
...despite whatever interest Gascoyne is paying .

As for GNT’s assets .... someone said the bank has first call.
We will find out soon what is happening;
GCY’s last words on the subject are :
.. “As a result of operational performance for the quarter to date being below expectations, production and cost guidance for calendar year 2019 is under review.
A detailed operational update will be provided later this week.
Gascoyne is progressing potential funding options and will provide an update on progress later this week...”