Settle down Mr Lumin. Maybe a poor choice of words, but what I...

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KSObserver

102 Posts.

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24/04/24

09:04

Post #: 73489174
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Originally posted by Mr.Lumin: ↑

Gee Wiz @KSObserver,

I wouldn't even think of saying "No significant difference since December update"...

Seems quite nonsensical to say such a thing...

Unless you have an agenda, perhaps?

December 2023 update:

This (April 2024) update:

So, since December:

- Completion of underground excavation/powerhouse excavation works (excluding tailrace tunnels). CHECK!

And I quote "THIS REPRESENTS A MAJOR MILESTONE" - Genex Power said this themselves.

- Substantial completion of Wises Dam construction and progression of dewatering Eldridge Pit.

And I quote:

"Wises Dam is now LARGELY COMPLETE"
+ "Works are SUBSTANTIALLY COMPLETE in the intake canal with respect to liner instillation with final shortcreting works to the remaining slope sections below the liner now commenced."
+ "The dewatering works have continued with 6 x 850kw pumps now delivering ~1,500L/s into Wises dam, with the water level in wises Dam APPROACHING THE FINAL CONSTRUCTION LEVEL of RL 553.3m."

- Genex Power said these things themselves.

And would you look at this beautiful thing! Almost ready to go!

And then.......

We are literally within 12 months of realising the significant value of Kidston Pumped Hydro becoming online and generating electricity for our nation. ANd we are set to be a part of the story and own a piece of this wonderful project. The first of its kind in a generation of Australians!

Well done all holders for making history!

Now... we do have the issue of the company being stolen from us at a measly pittance of its true value and the value we are set to realise if we vote no and hold strong.

In particular I'll mention we are under 12 months away from the significant boost to revenues and profits we are all entitled to given the time/money/patience we have all commited/endured!

Good Luck to all! Hopefully we are still here to reap the benifits of such realised value. Thats what we deserve."Dad... J-Power said they wanna buy Genex Power?"

"How much they offering?"

"Oh, it says... 27.5 cents per share"

"Ha! Tell em they're DREAMING!"

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Settle down Mr Lumin. Maybe a poor choice of words, but what I meant was we are exactly where we expected to be based on the update from December. ie the the things that they said would be finished got completed and the timeframes for longer leadtime milestones remain yet to be done (albeit a one quarter delay in energisation). There is essential no new information, just confirmation we remain on the timeline outlined.

GNX Price at posting: 26.5¢ Sentiment: None Disclosure: Held
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