GNX genex power limited

Ann: Half Year Accounts, page-2

  1. 6,002 Posts.
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    Forgive me for commenting on a stock I don't own. I take a strong interest in renewables and in greenfields projects.

    The 1H says GNX is still pursuing a PPA with EA, with no evidence EA has budged a millimetre from the grounds on which it withdrew.

    Looking at the balance sheet, it is currently geared 8:1 on existing solar projects. Where is the capacity to meet owners costs and a contingency fund on Kidston PH + S + W?

    I am to trying to run this brilliant project down. I cant see it working without a bucket more equity.
    Ash
 
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