I feel the Kidston PH option would be great to bolt into IFN......

Currently unlisted. Proposed listing date: 25 JUNE 2025 11:00 AM AEST ##

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baldynumbers

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10/03/20

11:11

Post #: 43402033
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Originally posted by aclemence: ↑

Having been invested in GNX for over 5 years now, I must admit that I'm getting a little impatient with them. I was overweight GNX a few times, but that weighting has been reduced in favour of IFN the past couple of years.

Initially I was a bit unhappy with the large salaries that GNX directors were taking for a company that was not yet producing any income, now seeing how long it's taking to get anywhere, I'm starting to wonder if it's another CCE mishap.

But I digress from the IFN linkages. As a GNX investor, I would love IFN to purchase GNX and build the project. As an IFN investor, I would love for IFN to wait a bit longer and buy the Kidston project at a firesale price. I see little benefit of Jemalong to the IFN portfolio, GNX are only building it to increase their revenue and justify director salaries.

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I feel the Kidston PH option would be great to bolt into IFN... the level of debt we would have to take on in order to buy GNX... and then finance the project however is out of the question.

GNX need to agree to a PPA with someone before all of their contingent agreements fall over completely, would be nice if it was with IFN... as it stands - GNX is not a PH investment, its a solar one - not something I really bought the stock for... as a result of this... and the current market turbulence... I have now exited GNX.

I will be beating myself over the head if I do not use the GNX proceeds to continue topping up on IFN, market discounts such as the one we currently suffer from only happen every decade or so

IFN Price at posting: 55.5¢ Sentiment: Buy Disclosure: Held
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I feel the Kidston PH option would be great to bolt into IFN......

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