GNX
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0.00% 27.5¢ genex power limited

Hi AllUpdated Morgan's Research Advice (Aug-17) touches on a few...

  1. jezyh
    622 Posts.
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    22/08/22
    05:10
    Post #: 63238758
    Hi All

    Updated Morgan's Research Advice (Aug-17) touches on a few points discussed on here. Relevant as it does inform a number of Shareholders, introduced in recent Cap Raises.

    • Believes GNX value exceeds offer but appreciates Board's position
    • Downgrade to HOLD
    • Reduced price target to 0.25c
    • Low expectation of a third-party bidder attributed to SKIP's 19.9% and remaining K2H construction risk

    Regards
    Jez
    GNX Price at posting: 23.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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