This new capital raising at such a big discount, so soon after the previous raising has really bad optics.
Especially on the day that the Prime Minister at the Press Club mentioned more pumped hydro storage as a necessity in the Australian grid.
Another company that made poor funding/expenditure decisions was GOE (previously SOLCO). GOE folded within six months of starting their power management business.
How did GNX get their funding requirements so wrong? An explanation is needed.
GNX Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
