Not exactly sure how an extension for exclusivity is in shareholders' best interest.
J-Power had a full month to carry out DD and finalise a script for a T/O agreement on a locked in 27.5c price. Now, the one month has passed and the exclusivity period should be over, it would be time to see if there are alternative bidders such as Skip Capital or AGL are in the picture. Instead, the board is granting another exclusivity period for the same party, pushing away potential buyers and competition for another week.
If the J-Power bid fails, GNX board has to step down effective immediately.
