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27.5¢ genex power limited

Ann: Funding Package and JDA Agreed with J-POWER, page-15

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02/07/23

13:22

Post #: 68574188
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Originally posted by KSObserver: ↑

So, the up front $2.5m from J-Power for the Joint Development Agreement for Bulli Creek goes straight to original acquisition costs as below. As this acquisition was August last year, we were liable for these costs in 2 months anyway (12 month anniversary clause).

The original acquisition in August 2022 indicated these early costs

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Pleasing to see J power staying the course. They stayed the course for LYC and kept their lights on in their early days and look at them now. Considered a vote of confidence imo.

GNX Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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