re quantum of work, @Pioupiou, the last quarterly said (for that quarter):
6. Payments to related parties of the entity and their associates *
Current quarter
$6,122,000 (operating)
$15,888,000 (investing - for which read operating called investing because it was clearing ‘mineralised waste’ at best as Jacko likes to refer to it )
*Payments to NRW, Mining contractor and shareholder
so about $21M for that quarter but second half of 2019 was lower I’d say and good results gave confidence to do $10m investment in the main shorter term zone of the mine probably (very roughly). So finger in the air, rev maybe will be very approx $60m for FY2020 for NRW from GCY.
FWIW I agree that $35m doesn’t look much like much to fuss about, however we are talking one-of(f) bottom line here! And also the $5m (of the $35m) could become $20m if an OK recap meant NRW’s shares in GCY were really worth something.
Anyway, not sure why I’m pushing this, no strong sense it will come off, just that it might
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