Well I bought in yesterday. I was not going to buy on the most recent broker report (says target 37 cents, but will take years to get there, and without stage 2, then only worth 5 cents; yikes!)
But for some reason I read the previous broker reports (see GNX web site) https://www.genexpower.com.au/broker-reports.html
I did not see them before. And some are very bullish even before the most recent successes in moving toward the projects happening. That is govt pats on the back and approvals (but no term sheet yet for the 500 mill loan). Now if you read those reports you will be convinced 26 cents is a good entry point (mind you, my 26 cents may end up at 5 cents)
But I have a big belief in what they are doing. I worry re the management being the left overs of a worn out gold mine. But honestly, looking at the pics (and I, strangely think they are sexy) the project excites me. (two empty, water filled pits, with a solar panel next to it, and a plan for pipe between the lakes, and an artists impression of a wind turbine on the horizon.... you cannot get more sexy than that).
Anyway, just a place to park some money. And I hope it can slowly get into the projects. And, ha ha, one brokers has top price $1.50 to $2. But maybe my eyes fail me, maybe it was 1.5 to 2 cents.
The biggest caveat to to GNX is now my wee investment. When I plop $ on a company, it seems to have 50/50 chance of survival. But if it survives, it does well.
