Ann: Q1 FY24 Investor Presentation, page-10

I was in GNX quite a while ago. I ended up selling at a small loss and moving on but I've since invested in a fund on ASX which holds quite a few renewable energy assets. Has had good growth. I always wondered whether GNX would be a target of theirs actually.

Anyway, what do people see as the major hold up here for re-rating of the companies value and why do they think it's taken so long to turn around? Is it the Pumped Hydro project risks? Was it the cheap takeover bid? I didn't look too hard because I didn't hold at the time but I hoped it didn't go through to allow genuine growth on its own.

If I look at projections from various sources, it appears to me that the grid in general is under stress to deliver renewables and requires storage, and GNX appears to be a rather good exposure to two different storage types, with different grid services, also slightly apart for capturing and shifting excess renewable energy. Is their debt an issue? Ownership? JPower?