Ann: Gascoyne Resources Update, page-15

Sorry Sabine have to strongly disagree on this one, as those share movements are largely attributed to a baseless undisciplined "macro bleed of the market" rather than nrw at its heart, as there was no specific reason largely for it. More so there is reasonable correlation to suggest as such. At best its tree shakes due to fear mongering & profit taking, as the companies direct results contradict any other story & on a sustained basis.

On this one, i am very confident your over thinking it a little. Gascoyne is as bout as material as a grain of diluted salt in the ocean. It can only be a bonus from here (would be a hell of a bonus if executed favourably & right).

Nrw has only delivered consistent results, record revenues & is the perfect arbitrage in this market to the smart investor, and even MUFG has been taking advantage of this on a short term basis.

Plus with WA booming precovid (absolute fact) & post covid with civil pipeline & stim injections, it will be good times ahead. Post bgc acquisition, this company was fairly valued "JUST". Now its severely under valued on a good day.

Just my strong opinions & observations, dyor, but very confident in this analysis on this topic.