Hi Howard Patrick,
Fundamentally, nothing will change between "today" and "tomorrow".
Today, GNX is a publicly listed company receiving a government subsidised loan. Private individuals and entities owning GNX shares are receiving the benefit of a government subsidised loan. The community-at-large is not receiving this benefit.
Tomorrow, with the proposed takeover, this dynamic will remain, i.e., taxpayers continue to fund a subsidised loan for which a group of private individuals and entities receive the benefit - and not the community-at-large.
On this basis, it's simply fair game for the Skip Capital Consortium to acquire GNX by paying a premium to the market's determination of "fair value". They see the value in GNX's assets including the NAIF loan that other private investors today do not see.
Hi Howard Patrick,Fundamentally, nothing will change between...
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Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $373.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 26.8¢ | $1.421M | 5.265M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 29481611 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 14891685 | 148 |
View Market Depth
| Last trade - 13.19pm 03/05/2024 (20 minute delay) ? |
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Last
26.8¢ |
Change
0.005 ( 0.93 %) |
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| Open | High | Low | Volume | ||
| 26.8¢ | 27.0¢ | 26.8¢ | 125912 | ||
| Last updated 13.31pm 03/05/2024 ? | |||||
| GNX (ASX) Chart |