General GNX News, page-711

THanks for the report. Nice to see they state the FID for K2H is close and the K2W shows J-Power confidence supporting this. From the report:

Investment Thesis

Jemalong 50MW Solar has been executed well and provides capacity to double Group earnings from CY’21. The key catalyst for re-rate remains the Pumped Hydro development. FID is slated for end CY. Circumstantially, there remains data points suggesting momentum is being maintained to financial close, though until complete: Never say ‘never’. Beyond which, the Project is a key initiative for the State in terms of meeting renewables targets; improving grid stability; and in a COVID impacted world, providing major infrastructure related employment opportunities. The current share price is underwritten by the two solar projects in operation/nearing first generation and the broader portfolio continues to mature with battery based grid stability and market arbitrage opportunities.

Buy and 35cps Price Target remain.