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11/01/23
14:38
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Originally posted by Kurt12312:
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Hi Gus, Let's put it this way any broker report shouldn't be less than 32 cents based on the reports they produced in the past. On the positives: GNX has improved in many ways including: - Batteries from Tesla that hadn't been factored, - The wind farm project has moved forward from hypothetical to probable future project. Plus increased 20% in power, and - The newest annoucement of Bulli Creek. On the negatives: - None of the 12 month price targets have ultimately eventuated from broker forecasts. So take the reports with a grain of salt maybe a full bag of salt. - We had a hiccup on Hydro but long term this isn't a major impact in my opinion as long as we have resolved the issue. I don't think this will be something that ultimately in 2 years will impact the price its just the cost of undertaking a large project. It never goes exactly like its written on paper. All in all I think GNX will do well once Hydro is well on its way to being commissioned which is about 20-24 months from now. That's all management need to concentrate on. Get Hydro built.
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I disagree. If management only focus on building the hydro, then we'll have a hydro without a pipeline to follow it. We're paying a COO and lead contractor to build the hydro, management have a project pipeline to worry about as well.