It's good they are spending. Its progress. As they said in announcement most went to "Advanced development activities defined towards reaching financial close for Genex’s Stage two Kidston Projects (Stage 2) comprising the Stage 2 Solar Project (K2-Solar) and the Kidston Pumped Storage Hydro Project (K2-Hydro)." These guys don't have any problems with cash, 250K revenue from 20 days in Dec. Most of management are ex bankers - would not be concerned when a 116 m asset that is energised. There's been an update in the last few weeks on progress. Everything is in it's place, we all know what we're here for. It will come. And from my own view this company is no longer a spec.
GNX Price at posting:
31.5¢ Sentiment: None Disclosure: Held
