Total $179m ?
NRW is a great company but this announcement seems to me to be a relatively small offering compared to what the market wants - especially in this ‘dangerous’ climate, Barrington.
I think the company is still firmly in the naughty corner as far as that hard master is concerned :/
And I am sure that everyone in the company is pulling out all the stops right now to prove NRW can tackle the Whyalla issue ‘with nary a flinch’ but the timing seems to be against us as far as there likely being multiple clients out there who are flinching badly themselves, and being ultra conservative due to global concerns around war, Trump’s fiscal stuff, lithium shutdowns and more.
Seems to me NRW was gut punched at exactly the wrong moment, and right now I’d love to hear some positive news on that $70m that was due to be paid them via that Gupta loan - ie that somehow they have been able to collect.
… And - more hopefully - bigger positive news us just around the corner!
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