Mike Cannon-Brookes’ investing strategy in this space is based on the recognition that we need lots more renewable energy generation as fast as possible. He’s focussed on putting as much new funds as possible into the system for new projects, which is why he participated in capital raises like Genex have used for their projects.
His play for AGL is designed to accelerate the closure of coal plants and pump $20B worth of new investment into renewable energy infrastructure. I suspect he’s not pushing for AGL to acquire its way to greatness - the amount of investment for new builds promised is the sweetener to convince AGL shareholders to sell and allow him to close the coal plants earlier.
It bodes well for companies like Genex. If they can propose and execute on worthwhile projects, then the money is there in the space.
Mike Cannon-Brookes’ investing strategy in this space is based...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GNX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.3¢ |
Change
-0.003(0.91%) |
Mkt cap ! $380.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.3¢ | 27.0¢ | $3.209K | 11.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 17784833 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 7136520 | 72 |
View Market Depth
| Last trade - 10.04am 12/07/2024 (20 minute delay) ? |
| GNX (ASX) Chart |