GNX 0.00% 27.0¢ genex power limited

There's a reason the bid came when it did.The share price would...

  1. 139 Posts.
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    There's a reason the bid came when it did.

    The share price would have climbed above 20c in the short term without the assistance of such a pathetic takeover bid; it was my expectation the quarterly report would have been sufficient to light a fire under the spare price given the current state of the market.

    Surprise, surprise, the bid comes in just as the quarterly is released, conflating matters.

    If anything, the 23c bid now puts an artificial cap on the share price, when really we should be headed to 30c organically right now.

    I'm not selling at 23c. As someone else said, replace the 2 with a 4 and we can talk.

    My current avg price approx 15.5c
 
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