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27.5¢ genex power limited

Sorry for the wall of replies, all.The offer to connect was...

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jezyh

622 Posts.

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15/11/21

15:00

Post #: 57586126
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Originally posted by Jayze87: ↑

I don't think its lithium related. They are at the mercy of Powerlink (connection approval), offtaker (PPA/lease), JV equity partner (50% equity), banks (50% finance), Tesla (batteries), Contractor (Construction). So its not really up to Genex when its actually happens IMO. The dominos need to line up and fall in the right order and it only takes one to derail the timeline.

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Sorry for the wall of replies, all.

The offer to connect was always penciled in by Powerlink for Q4 CY21 (October to December). If we receive it October 1 obviously that makes a fair difference to achieving FC in Q4, against December 10th. I can't see us announcing offtakes or financing until that offer is received (and it will come, eventually!).

Cheers all,
Jeremy

GNX Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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