Do you think GNX is David Jones mate? Needing continual funding? The company builds large infrustructure projects and yes Governments help companies in renewables (rightly or wrongly) as it will result in lower emissions. The point is its not whether I agree or you agree with climate change but those in government do and they agreed to lower emissions. So yes they need to incentivise companies to build the infrustructure. Also as Gus said as you build more infrustructure they become cashcows and are abe to fund future projects.
GNX a speculative buy MORGANS, page-13
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $373.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.3¢ | 27.0¢ | $89.56K | 331.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 8221759 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 4661051 | 44 |
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| GNX (ASX) Chart |