Hi All
Updated Morgan's Research Advice (Aug-17) touches on a few points discussed on here. Relevant as it does inform a number of Shareholders, introduced in recent Cap Raises.
- Believes GNX value exceeds offer but appreciates Board's position
- Downgrade to HOLD
- Reduced price target to 0.25c
- Low expectation of a third-party bidder attributed to SKIP's 19.9% and remaining K2H construction risk
Regards
Jez