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Tag: Wayne Nannup

$32m on paper, $5.9m in reality - the valuation gap that sank El Caballo
Posted inDecolonization

$32m on paper, $5.9m in reality – the valuation gap that sank El Caballo

by Dean FoleyAugust 18, 2025August 18, 2025

A “scoping” number north of $30 million helped frame a grand vision. A retrospective valuation below $6 million framed the fallout. The gulf between those figures sits at the heart of WA’s El Caballo saga. The numbers that shaped the deal The Noongar Charitable Trust funded the $12 million acquisition of El Caballo in 2020 […]

Inside the El Caballo deal: how a $12m “proof‑of‑concept” became a multimillion‑dollar loss for Noongar Charitable Trust
Posted inBusiness & Entrepreneurship

Inside the El Caballo deal: how a $12m “proof‑of‑concept” became a multimillion‑dollar loss for Noongar Charitable Trust

by Dean FoleyAugust 15, 2025August 15, 2025

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