I am a long term (4 years holding), who participated in the capital raise for the Kidston hydro project back in 2021, so I am definitely not here for a quick buck. I have been waiting for over 2 years to see the SP go above 20c and see my equity investment in the black once again.
I don't wish to wait years again and get massively diluted after GNX take on another massive, debt and capital intensive project in Bulli Creek. Don't be delusional, Bulli Creek will require another 200m+ equity for a 1b+ capex and some insane dilution once again (close to the current market cap). Who is gonna pay for that project Howard, you from your super bud? How much more do you want to wait to realise some minimal gains? 5 more years?
Last time you had a rant about some foreign investment hurting Aussie shareholders nonsense and this time you seem to have another excuse to keep your position in the red for another few more years. It's time to close up shop and move on mate.
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