GNX 2.38% 21.5¢ genex power limited

Ann: Genex signs Term Sheet with EnergyAustralia for Hydro Energy, page-6

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  1. 3,205 Posts.
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    I love this project.  The research report in the other thread said the offtake was the 'domino' needed.  Well, domino has fallen!  Also research report said they need to find some money.  But this announcement speaks of the equity from Energy Australia.  So that will take care of that.


    And what a weird sentence about 'if there is a takeover offer...'


    I cant see a downside.  Only if Energy Australia decide they want to back out.  But there is no fear (1%) of that.


    Also, the research report said if Labor get in, then there is likely a lot of money to flow to the likes of GNX.


    I voted Libs all my life, but (nothing to do with this) I think I am a Labor guy this time.  (I did vote Keating... he was cool, the undertaker)

 
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