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27.0¢ genex power limited

So today is the day right?

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TomMorley

2,741 Posts.

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22/03/24

10:21

Post #: 73008679
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Originally posted by Kurt12312: ↑

Given the recent gains from the stock market of over 5-10% thee fact we were at 17 cents and if you add 1.5 cents we would probably be at 18.5 cents just by market forces. Add to that Hydro is substantially de-risked in 3 months or so I reckon the offer is too low for shareholder. Put it this way shareholders the earliest your getting your money is probably in 2 months if everything happens imminently which pretty much makes Hydro de-risked. I think shareholders are getting short changed. I think if this was a quick offer with cash paid say by mid April and if the market had not done much in the meantime I would think the offer was not great but feasible. The zero communication and the drawn out process this is taking together with the markets general sentiment has caused me to change my mind. The offer should in my opinion not be excepted and BoD really need to explain given Hydro is finishing soon why this is a good offer for shareholders.

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So today is the day right?

GNX Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 27.0¢		Change 0.005(1.89%)		Mkt cap ! $373.9M

Open	High	Low	Value	Volume
26.5¢	27.0¢	26.5¢	$195.7K	733.5K

Buyers (Bids)

No.	Vol.	Price($)
33	42177354	26.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	20339520	162

View Market Depth

No.	Vol.	Price($)
29	32302352	0.265
19	31273611	0.260
3	74100	0.255
8	242000	0.250
4	431485	0.245

Price($)	Vol.	No.
0.270	20339520	162
0.275	3180540	40
0.280	216536	11
0.285	127561	4
0.290	57180	3

Last trade - 16.10pm 29/04/2024 (20 minute delay)


Last 26.8¢			Change 0.005 ( 0.00 %)
Open	High		Low	Volume
26.8¢	27.0¢		26.8¢	200147
Last updated 15.59pm 29/04/2024 ?

GNX (ASX) Chart