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27.5¢ genex power limited

Electricity prices are at all time record highs, and are likely...

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Gozza

181 Posts.

87

18/11/22

12:28

Post #: 64854611
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Originally posted by Kurt12312: ↑

Wow we are now nearing the end of November 2022. By the time Skip Capital and Stonepeak are satisfied with the geological issues it's suffice to say 25 cents ain't gonna cut it. I mean most of the uncontrollable risk of the project would have been past us. Sure they might get certainty but we ain't selling under 30 cents. With that risk behind us I think we have clear wy ahead. Management will get sued big time if they still mandate to sell at 25 cents. LOL literally 18 months of construction left. I think we retail holders prefer to hold at this stage. Electricity prices are going through the roof and this isn't a short term peak. Electricity prices are staying higher for the forseeble future. EV cars will in 5 years become common place (not everyone will have one but it will become certainly more mainstream than it is now). Hence, more electricity less oil. Sure there are some projects happening but ceertainly not at the pace required to hold electricity prices down.

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Electricity prices are at all time record highs, and are likely going to stay high for the next year or two. Selling now would be really stupid in my opinion, leaving so much future revenue off the table.

GNX Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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