In the lead up to any vote by GNX shareholdersif Skip Capital confirm a proposal for takeover, I’d like to take the opportunityto remind all of the following significant points in a higher interest / higherinflation / volatile currency environment:
- Genex has a FIXED-PRICE contract for the build of Kidston Pumped Hydro, and all overseas componentry is hedged against currency fluctuations
- The concessional interest rate provided by NAIF for the Pumped Hydro build is LOCKED IN at under 3.0% for ten years AFTER the build is completed
- The rental arrangement of the Pumped Hydro facility to Energy Australia has CPI escalation BUILT IN
It’s less than 2 years from nowuntil the Pumped Hydro electrons start flowing!
It’s less than 8 months from nowuntil the Bouldercombe Battery electrons start flowing (into a market where $/MWHis about DOUBLE what the already-healthy business case was based on).
Not to mention the other pipeline opportunitiesalready in play.
VOTE NO (if Skip come through with their opportunistic25c bid) and do your superannuation a favour!
DYOR.
