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27.5¢ genex power limited

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manyanafiveo

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24/10/20

16:29

Post #: 48357985
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Originally posted by Cungi: ↑

In relation to the Quarterly Report, 2 newInvestor Updates on Genex’s website:

https://www.genexpower.com.au/uploads/6/6/1/2/6612684/company_update_-_canaccord_genuity.pdf(20 Oct 2020)

GNX continued to progress its flagshippumped-hydro project during the quarter, and while it wasn't able to achievefinancial close as hoped, a pathway to this milestone in DecQ is clearlypresent, in our view. The company ended the period with $61mn in cash and$196mn in debt. We retain our SPECULATIVE BUY rating and $0.30ps price target

https://www.genexpower.com.au/uploads/6/6/1/2/6612684/september_quarter_update_-_el_c_baillieu.pdf(21 Oct 2020)

Investment view: The continued commitmentof all key stakeholders to the K2H project gives us a high degree of confidencethat the project will proceed. We continue to believe that the crystallisationof value for GNX shareholders from this remains relatively close (6-10 weeks inour estimation) and will be a significant positive catalyst for the stock. BUYrating maintained.

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Thanks for sharing Cunji

GNX Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
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