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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