Ann: NRW Full Year Results Presentation, page-12

Nobody likes surprises!! Solid result but the outlook seems really good. Div back to franked earlier than predicted I see as a positive also. Market is down quite a bit the last two days so we might have been off 1-2% anyway. Elephant is the overstatement of $10 million in Primero going back to 2022 IMO. When did they know and why not disclose it earlier?? It happens too often and I don't think markets players like it. They apparently had time to make the adjustments but no disclosure? Anyway, I also see an issue with the margins although mining was good and the outlook should be better, especially if they pick up work in USA/Canada. It's still not a well loved sector but NWH in a sweet spot right now and the next 12 months should be good if there's no more surprises. If you are a long term holder, the Div will keep me interested and I hope they can improve margins from here. Bit of panic after the open and maybe some shorts getting involved - dust settled a bit and hopefully as analysts digest the outlook things will stabilise (maybe get better??) GLTA