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Ann: Dalgaranga Gold Mine Operations Update, page-38

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  1. 4,411 Posts.
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    To be fair NRW have already bailed out GCY once before.
    This break in partnership now looks mutually beneficial.
    NRW get their money and GCY can negotiate a more competitive mining contractor rate.
    It's hard to negotiate a position when the leverage is so heavily skewed towards the contractor (NRW is GCYs largest creditor and their 2nd largest holder).
    Don't quote me on this but I don't think NRW even have an underground mining division?

    Irreconcilable differences!
 
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