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27.0¢ genex power limited

They stood by LYC in their darkest hour and now heading toward...

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2,696 Posts.

168

18/04/24

09:31

Post #: 73400456
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Originally posted by kevg91: ↑

J-Power hold ~7.72% and given this is a friendly approach with the board and Skip Capital on side - they won't buy more. If they did, they need to notify for each +1% under ASX rules (they won't buy though).

I think holders are forgetting that J-Power are a JV partner, extended a corporate loan ($35m which is fully drawn, to avoid dilution at 14c) and generally have been supportive of the company.

Given the tight pricing to the offer price indicates it's a done deal. Low probability of any interlopers given the above & just in case Howie thinks the NAIF loan is going to kill the deal - it wasn't even an issue last time (I spoke with a contact at Stonepeak - MAT issues were unquantifiable at the time and cost of debt was prohibitive of pushing ahead).

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They stood by LYC in their darkest hour and now heading toward blue chip status imo

GNX Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 27.0¢		Change 0.000(0.00%)		Mkt cap ! $373.9M

Open	High	Low	Value	Volume
26.5¢	27.0¢	26.5¢	$599.8K	2.243M

Buyers (Bids)

No.	Vol.	Price($)
32	48539817	26.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	20591809	157

View Market Depth

No.	Vol.	Price($)
30	33538814	0.265
21	32273611	0.260
2	72000	0.255
8	242000	0.250
2	45771	0.245

Price($)	Vol.	No.
0.270	20591809	157
0.275	3104701	38
0.280	211736	10
0.285	277561	5
0.290	57180	3

Last trade - 16.10pm 30/04/2024 (20 minute delay)


Last 27.0¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
26.8¢	27.0¢		26.8¢	2093721
Last updated 15.56pm 30/04/2024 ?

GNX (ASX) Chart