Aclemence, 5-year tenure grants you a better perspective than...

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jezyh

621 Posts.

229

10/03/20

19:47

Post #: 43413119
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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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Aclemence, 5-year tenure grants you a better perspective than most.

I was never a shareholder, thankfully, but my unfiltered opinion on CCE, the conduct of many involved and the technology itself, would attract several legal letters I haven't the time to defend.

IFN Price at posting: 55.5¢ Sentiment: None Disclosure: Held
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Aclemence, 5-year tenure grants you a better perspective than...

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