ASX listed renewable assets have been taken over at absolutely beautiful multiples in recent times for the right assets - IFN & TLT both went for a song for their wind assets... GNX with a hydro closed loop battery... would be an asset BY ITSELF which would attract multiples better than either of these companies sold for (once complete)
By the time that we have the PH asset at operational stage, we will have at least one other BESS (Bauldercombe), two solar farms in geographically different regions, potentially a wind farm at construction stage and dare I say another two BESS assets in construction.
Dividends are IMO not likely for a while - from memory - there is something to be done with the ARENA funding post year 3?
GNX will be a completely different company at that stage - and will be a target for behemoth electricity generation incumbents (such as AGL or ORG) who have not forseen the pace of change in our generation grid and are left holding aging assets (or sold new renewable assets) with a cost of generation far higher than ours.
GNX Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
