Ann: Gascoyne Resources Update, page-26

Long story short gcy as a material impact has already been lived yonks ago, as reflective of the share price at the time. Its a bonus if any monetary value is recovered & gained on top of that, due to any possible new deal structure. If not, no loss, because it was already written down.

I agree with Pioupiou comments about seperating FA, TA & the general interchange that occurs between the "business", "share price", etc.

Fundamentally business has grown, revenue is at record levels and i can sleep at night with that. Share price will come around, as its too tremendously undervalued.

As for other posters comments about management, booms, & margins, rcr etc. They just dont have enough grasp on WAs economy or nrg by a longshot, period. Interchanging this with the likes of other companies at best.

The reason why its current share price is a bargain as the natural ebb n flow occurs, allows for mere mortals to accumulate in a fundamentally strong company at bargain prices. DYOR, but nrg has a bright future & the report will soon show this in addition to any common sense analysis. Wont be long & nrg have generally left these to the end of the reporting periods, so no dramas there.