Nice pic, strange.GNX at 16.5c, MC $66m is no bargain. Progress...

Nice pic, strange.

GNX at 16.5c, MC $66m is no bargain. Progress on Kidston has been stalled since November when EA withdrew from the PPA. The gap between potential and reality widens every week.

The Kidston PPA would have been offered to every energy company in Australia. Nobody has agreed terms acceptable to the GNX BoD.

A few more days of these margin calls will make merry hell with the GNX share price.

Ash