The poison I refer to is to slowly drip feed us that back when Scott Farquar's consortium offered 25 cents and the Directors thought that was a good offer. Now J Power 27.5 cents offer is considered a good offer and "fair value" when we are 6 months to commissioning the Hydro? Poison can kill quick or can slowly be drip fed to the point where you don't even know your being poisoned. The Directors have consistently (in the past five years) conditioned us to accept a low offer. However, only 3-4 years ago they bombarded shareholders that Hydro was worth over 30 cents (with a significant risk premium factored in the calculation for Hydro) with a number of valuation specialists. Once the Hydro is complete the risk premium would be taken off the discount and could easily be worth over 50 cents not even including additional hub being in the works, Kidston Wind and the batteries even being factored in. Please tell me is what I am saying untrue?
GNX Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held
