Ann: Genex signs Binding ESSA with EnergyAustralia for Hydro, page-22

These past weeks, I've been buying small parcels at 10c, constantly worried that I was making a mistake, since the markets were all crashing apart from ones the RBA has been deciding to buy to fake a market recovery.


I have never been so happy with holding ever. Genex was about the only long I have left. I refused to sell, even though it was down 50%. I'm still down 25%, but the light is clear.


The deal isn't outrageously amazing, but I suspect this is the best one we can get. I do wonder if the TIC will be reduced in a market with companies desperate to keep their teams busy. Jemolong....well, it seemed like a good idea at the time. I just hope Genex can pay off their debts before the interest rates spike.