GNX 2.38% 21.5¢ genex power limited

News: GNX Genex Power seeks trading halt, page-4

  1. dej
    383 Posts.
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    This is what makes it a no-brainer to me;

    Then:

    Date: July 2015
    Share Price: 20 cents
    Market Cap: $37 Million
    Cash on Hand: $10 Million

    Now:

    Date: May 2016
    Share Price: 12.5 cents
    Market Cap: Approx $20 million
    Cash on Hand: Approx $6 Million

    Market Cap Loss = $17 Million
    Cash Burn = approx $4 Million

    So the value of the company has dropped 4x faster than the cash has been spent, but also more and more milestones have been met and achieved. This is a stock that has lost value due to lack of interest rather than anything material.

    Disc: Held
    Last edited by dej: 09/05/16
 
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Currently unlisted public company.

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