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27.5¢ genex power limited

"JPower dont have enough votes if the majority of shareholders...

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jm3767

954 Posts.

221

13/05/24

17:31

Post #: 73802112
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Originally posted by Martin82: ↑

Interesting it is critical infrastructure. Projects like this wont look as good if they are in the hands of foreign companies.

Will be interesting come time to vote. Dont think there is alot of enthusiasm for this TO. By the time July comes around there will be about 6 months before the hydro is completed and the money from Energy Australia starts to come in. BBP is making some good cash aswell as the other wind/solar projects.

Before voting one must calculate the approx MC of Genex with expected revenue from these projects.

Im no mathematical genius but its worth more than 27 cents.

One must also factor the potential for dividends in a few years.

After watching that webinar yesterday feel the vibe that Genex board arent overly excited by this proposal. Seems to be with any TO the board will recommend it if it is a premium to the SP.

My impression is that the company is still focused on Bulli Creek and the future.

JPower dont have enough votes if the majority of shareholders hit the NO button.

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"JPower dont have enough votes if the majority of shareholders hit the NO button. "

Are not JPower & their shares excluded from voting at a SOA meeting?

GNX Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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