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Kurt12312

1,900 Posts.

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02/07/21

09:08

Post #: 54227838
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Originally posted by Jayze87: ↑

@Kurt12312

I can understand that you may be frustrated by the share price drop but price isn't value, the share price will move all over the place but you need to determine what you believe the business is worth and where its heading. Simon didn't sell the shares down from 27c to 22c and the CR for the pumped hydro may or may not have been ideal comparative to other possible outcomes but it was the best option that was available at the time for shareholders.

Before Genex Simon talking coal, these are business people, they go where the money is. They can be interested in Hydrogen but they wont go near it until its commercially viable (if it becomes so) or its heavily subsidised with lots of money thrown at it. Ironically if Genex did started touted that they were starting a bunch of hydrogen projects the share price would probably be higher purely based on the fact that hydrogen is a bit of a buzz word at the moment. What if a company has approached Genex to co-locate electrolysers at their generation sites and pay for the privilege. Its still hydrogen but that's potentially a commercially viable proposition.

In my opinion Genex is worth more than 30c. If the batteries and WInd come into play at least double that but this isnt a get rich quick stock. FY21 was a very strange time for the markets, generally stocks are a long-term game to see meaningful gains. In my opinion if one believes their thesis on a company is broken than perhaps its better to sell and move onto a better idea.

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I appreciate your points and I am not a get rich quick or day trader. Hopefully, you can appreciate what I am also saying. Frankly I am yet to see any investor who thinks the stock they hold is not undervalued. So you saying its worth over 30c and me thinking the same means nothing. I just don't want us jumping into projects and not crossing all our "t's" and then requiring a capital raise in which "external wealthy investors" benefit when we are the shareholders. Whether you want to admit it or not that's what happened.

GNX Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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General GNX News, page-1326

Top Stories

IRIS shows high purity spodumene can be produced from South Dakota's Beecher project

Metals Australia gears up to drill Big Bell North gold project targeting untapped greenstone

Sierra Nevada Gold taking an RC rig to Blackhawk, Nevada – in the hunt for silver

Equinox makes REE and titanium dioxide discovery at Brazil's Mata da Corda

Riversgold has rockchips boasting a holy trinity: gold, copper, and antimony. Can it move to drill?

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