So its not J Power buying otherwise we would of seen a change in substantial holding notice.
It's not Skip.
So who is it? These high volumes are not retailers buying hoping to make a bees dick of a gain.
So whom?
Still a little time before they would hit 5% so interesting to watch.
So our MC is at $367 million, we are hardley a punt in the small caps space. Could there be an entity that can see the 80 to 100 million dollar revenue coming in once our hydro is pumping.
We have a BESS making good money.
Honestly the board might recommend this TO, but seriously they aint going to sell out when gnx is about to kick a massive goal.
Also put yourselves in their shoes. The company is tied up with J Power as a partner and large shareholder it wouldnt be good for their professional relationship if they didnt recommend the TO. They basically have based on the 'premium' to the SP.
Personally i dont think we are getting bought out and this will be just a piece of GNX history later this year.
GNX Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
