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clock Created with Sketch. 12/01/23
12:55
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Originally posted by Eey Ore:
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Fair enough Gus. I hear what you are saying and acknowledge your respectful counter to my take on Government funding, ongoing assistance and tax breaks into future years. My comments are really aimed to dig as deep as possible and fully talk about the risks involved moving forward with GNX. I have had them on my watch list for a while now. I can only share my concerns and thoughts, whether they are right or wrong or in-between, for well informed and respectful dialogue with others on this forum. In saying that I can't get my head around that more funds and assistance will be needed into the future from what ever source to get the projects to the stage of being commercially viable and then maintain them from a return of capital and equity point of view. From a outsiders view I have trouble understanding two questions. Why if GNX is going to be a future profitable business would management recommend a possible 25 cent buy out from Skip and Stonepeak? And that being said why did the consortium then after a long due diligence period decide to walk away? Lets see what the future holds for Genex.
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Management selling the business off at a cheap price is certainly a concern...It tells the market all sorts of negative things, such as they're not in for the long haul or to make shareholders decent returns.
