Hi ellimb I am not sure what happens in regards that written off...

Hi ellimb

I am not sure what happens in regards that written off debt if GCY turns around and contributes to earnings, but Jules was very certain about finally quitting Gascoyne Resources and writing off losses at the AGM last year, and NRW definitely did NOT participate in the re-funding of GCY at 10c a share after that.

- Which means that if/when it sells out it will have held its’ GCY shares much longer than a year … at an average cost of … um ?? (i know not what ) .​

For comparison it seems last year it added $4.5 million to its’ other investments - Grid Metals and GT1 :


Something about those:

Spoiler : GT1

GT1 is listed on the ASX


And according to https://www.listcorp.com/asx/gt1/green-technology-metals-limited/news/top-20-holders-2626772.html Primero is both the third largest holder (10,156,250 shares - 5.14%) and also the 13th largest holder (2.5m shares - 1.27%) …. {FWIW a whole crew of Primero leaders (former and current ) are also that top 20 list too (eg Meesha is Cameron Henry, Ravca is Dean Ercegovic, Graham Arvidson and Mark Pensabene … } (hmmm?).

Spoiler : Grid Metals

Grid Metals
https://www.marketscreener.com/quote/stock/GRID-METALS-CORP-49477078/company/

So I expect GCY is very much in the past tense box …

Does anyone know what the price of NRW’s ~6%+ holding in GCY is valued at?

…..And I will keep going with the transcript over the next few days …

cheers