Australia's largest stock trading and investment forum Australia's #1 stock forum

GNX

Click for more information

0.00%

27.5¢ genex power limited

Ann: Completion of despatch of Transaction Booklet, page-53

First 53 Last

Share
Profile

Follow
tubbyguts

3,422 Posts.

288

09/07/24

19:40

Post #: 74678603
Share

Originally posted by SouthernLad: ↑

The intrigue of what Skip is going to do in response to these offers grows by the day. As far as I’m aware, we still have radio silence from them which suggests to me that there are some behind the scenes discussions going on to either (a) have J Power increase their SoA price in order to secures Skip’s acceptance or (b) working out terms for Skip’s continued participation in the successful bid entity.

If Skip had a firm view to simply reject or accept the SoA, why wouldn’t they have announced that. If Skip were to commit to accept, I’d expect GNX and J Power to be letting everyone know to increase the chances of a 75% yes vote because it would tempt those not wanting to be a locked in minority to the higher SoA price.

It would also be good if the independent committee of the GNX board issued an update on how the proxy votes are sitting as of today for the Scheme meeting. On the basis J Power have access to this, it’s reasonable that it be shared with the market.

Expand

well we know from the holder updates how the yes are sitting, we just don't know how much of the remainder is No or Not Yet

GNX Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

First 53 Last

Add GNX (ASX) to my watchlist

SPONSORED BY