NWH 1.17% $3.45 nrw holdings limited

Ann: Update Gascoyne Resources Limited, page-25

  1. 18,677 Posts.
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    FWIW a retrospective to a year ago when, in June 2019, the canny Bridget Carter’s  ear to the ground was alreafy hearing “ Hanking” and of its’ long term interest in Gascoyne.
    ....an interest that preceded the administration...

    cheers

    https://www.theaustralian.com.au/bu...r/news-story/7f96bee40080cce7dd0c3aa5278dc5a8

    Offshore interests probe opportunities in gold sector


    Offshore interests are targeting gold opportunities.

    BRIDGET CARTER

    JUNE 7, 2019
    The second tier of Western Australia’s gold sector has taken a battering in recent weeks, rocked by the failure of Gascoyne Resources and widening production problems at Dacian Gold.

    The debacles have hit sentiment in the sector hard, particularly those with emerging projects such as Bellevue Gold, down more than 10 per cent this week on no particular news.

    However, the combination of a strong gold price and poor market sentiment has offshore interests again probing opportunities in West Perth.


    Among those is Hong Kong-listed China Hanking Holdings, which picked up ASX-listed Primary Gold for $37 million last year and did pretty well out of its first foray into WA.

    It bought St Barbara’s mothballed Southern Cross mine for $22.5m in 2013, rolled up a suite of tenements around the historic mine and reopened operations in 2015.

    After sinking about $165m into the re-start, it flogged the lot to fellow Chinese gold play Minjar for $330m in 2017.

    The company is said to have been in discussions with Gascoyne a few months ago.”
    Last edited by sabine: 23/06/20
 
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