General GNX News, page-1995

First 1995 Last

Share
Profile

Follow
Gus4444

663 Posts.

54

06/04/23

11:28

Post #: 67167913
Share

Originally posted by howiepatr16: ↑

Given the planned expanded solar and wind projects at Kidston are shovel ready and the natural resources, (concrete), and workforce infrastructure are in place, Brookfield might be interested in acquiring the Farqhar/Jackson shareholding in Genex Power Ltd. Brookfield has the financial resources to take advantage of the pumped hydro from the time it becomes operational next year.

GNX also has the further interest in the battery storage project out of Toowoomba:-

"Genex Power Limited (ASX:GNX) (Genex or the Company) is pleased to announce that it has today
entered into the transaction documents with Solar Choice Pty Ltd (Solar Choice) to acquire a 100%
interest in the development rights for the up to 2GW multi-stage Bulli Creek Clean Energy Project (Bulli
Creek or the Project) located approximately 100km south-west of Toowoomba in south east Queensland
(the Transaction). The first stage of the Project is anticipated to be developed as an up to
400MW/1,600MWh large scale battery energy storage system (Bulli Creek Battery)."

Wonder if Simon Kidston and the GNX board would as receptive to an involvement of Brookfield as they were to the 25 cent takeover offer from the Farqhar/Jackson "Consortium"?

Expand

Reckon Kidston would be happy to cash out as he has moved on. Youve gotta think we will be substantially derisked by the time anything goes through. The bits that are not entangled are half the wind and all of Bulli Ck which is very well located, according to Genex. If a new take over doesnt cone, soomeone will be happy to cash in to thise project i reckon.

GNX Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

The business of sport: Warren Tredrea's take on this week's news

RDN

Raiden gears up for exploration in final quarter of 2024

Reporting wrap: Inghams, Accent, Mayne Pharma

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

IPH

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

NRX

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto

There are more pages in this discussion • 228 more messages in this thread...

First 1995 Last

Add GNX (ASX) to my watchlist

General GNX News, page-1995

Top Stories

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

The business of sport: Warren Tredrea's take on this week's news

Raiden gears up for exploration in final quarter of 2024

Reporting wrap: Inghams, Accent, Mayne Pharma

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto

Featured News