General GNX News, page-2100

The 90m equity raised on 20c for the Pumped hydro project 2 years ago is now worth 56m or almost 40% less. Like seriously who with their right mind will contribute to these CRs when companies like GNX create negative value over the medium to long term on the Asx? An opportunistic buyer could come in and buy the whole thing for less than 20c and noone can say a word?!

Shareholders invested their hard earned money in the last equity raise, they took all the excess risks e.g. tunelling issue during construction, only to see their money slowly evaporating and generating negative return, not to mention the opportunity costs over the years of holding the stock. Limited upside, excessive risks and long break-even periods (if any), another great Asx story.