General GNX News, page-871

My My, y'all are a snarky bunch.

I don't mind being airily dismissed as a non-holder, actually it is amusing.

I put this up as GNX intends to build a wind farm to compliment PH. The choice of turbine and scale will have a long-lasting impact. Get it right.

GNX has been approaching FID without committing for a very long time. I consider the issue to be banks baulking at the proposed debt/equity ratios - driven by founder-shareholders unwilling to endure further dilution and lesser returns. Instead of raising equity, GNX has entered into an off take agreement with EA that gives up most of the cream. This will prove a matter of sore regret.

It will take four years to build PH. In that time, the share price will fluctuate - these things never go in a straight line. I expect to invest somewhere in the range 9-12c - provided, that is, PH remains competitive with and complimentary to batteries.

It isn't enough to be a fan of renewable energy. Investors also have to consider the risks and returns. Don't be a bunny in the headlights.

Ash