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GNX, GENEX POWER LIMITED
nipper
post Posted: Jun 6 2021, 05:17 PM
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In Reply To: nipper's post @ Aug 11 2020, 04:04 PM

QUOTE
Aug 2020: Successful Placement raising a total of $21.276 million (at 22c a share); Share Purchase Plan announced to raise up to an additional $7 million

Good to see the junior capitalists contributing..... because , elsewhere
.... Kidston pumped hydro project has received a $610 million loan from the Northern Australian Infrastructure Facility as well as

.... $47 million from the Australian Renewable Energy Agency
... ARENA also agreed to convert an earlier $9 million loan into a full grant that does not need to be paid back, which effectively increases the grant funding from ARENA to $56 million.

... There was also $54 million in debt finance from the Clean Energy Finance Corporation for the neighbouring 50 megawatt solar farm, which is attached to the pumped hydro project.
... The Queensland government is also funding and building the $147 million, 186 kilometre transmission line linking the Kidston project to the energy grid.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 11 2020, 04:04 PM
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• Successful Placement raising a total of $21.276 million (at 22c a share);
• Share Purchase Plan announced to raise up to an additional $7 million; and

• Proceeds to be applied toward fast-tracking Genex's Como Battery Project, Kidston Hydro Project financial close costs, working capital and costs associated with the capital raising



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
jacsar
post Posted: Aug 4 2020, 12:13 AM
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In Reply To: nipper's post @ Aug 3 2020, 04:17 PM

visited Kidston project 2 yrs ago coming back from the Kimberleys..not a conventional greenie but a great project

 
nipper
post Posted: Aug 3 2020, 04:17 PM
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Kidston pumped hydro project proceding apace (escargot) and looking to be a goer.
Wind project to follow.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Nov 23 2019, 07:30 PM
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In Reply To: nipper's post @ Nov 1 2019, 02:17 PM

A couple of recent anns

GNX Receives Lender Credit Approval for Jemalong and KS1 - https://www.asx.com.au/asxpdf/20191121/pdf/...sr4c1hrd6sf.pdf

Genex Executes New MOU with J-POWER for Kidston Hydro - https://www.asx.com.au/asxpdf/20191122/pdf/...twgt1wx3mk7.pdf
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 1 2019, 02:17 PM
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In Reply To: blacksheep's post @ Nov 1 2019, 02:09 PM

maybe
---... always taken the view; it's a long way from markets




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


blacksheep
post Posted: Nov 1 2019, 02:09 PM
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In Reply To: nipper's post @ Nov 1 2019, 01:44 PM

I don't think it's totally fallen over - only (at the moment) they can't reached financial close in CY 2019 - they are working with all parties and anticipate that will occur in 2020.

QUOTE
Genex wishes to advise that it no longer anticipates that it will reach financial close on
the Project in CY 2019.


Accordingly, Genex anticipates that the NAIF concessional loan offer and the J-POWER share
subscription agreement will both lapse at or prior to 31 December 2019 (unless extended). Genex will
continue to work with EA and its other financiers and counterparties, including NAIF and J-POWER,
to restructure the financing for the transaction to ensure a positive investment decision can be
reached and financial close can be achieved. This is now anticipated to occur in 2020.


There is still some hope, but yes not good.
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 1 2019, 01:44 PM
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EnergyAustralia not entering into for long-term energy agreement and equity investment

DOWN 40%

QUOTE
Accordingly, Genex anticipates that the NAIF concessional loan offer and the J-POWER share subscription agreement will both lapse at or prior to 31 December 2019 (unless..... )
ouch.. all fall down



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jul 11 2019, 02:53 PM
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NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY BOARD APPROVES
INVESTMENT DECISION FOR UP TO $610 MILLION OF CONCESSIONAL DEBT
FUNDING FOR THE KIDSTON PUMPED STORAGE HYDRO PROJECT


QUOTE
Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to announce that the Northern
Australia Infrastructure Facility (NAIF) Board has made an Investment Decision to offer finance to
Genex’s Kidston Stage 2 Pumped Storage Hydro Project (K2-Hydro) through the provision of a longterm concessional NAIF debt facility for up to $610 million (Debt Facility).
Since Genex first announced the involvement of NAIF in the Company’s K2-Hydro, Genex has
worked closely with the NAIF management team to complete the due diligence required for the NAIF
Board to consider an Investment Proposal (refer ASX announcement 20 June 2018).

The financial close process for K2-Hydro is advancing rapidly with the Genex Board confident that
it will be in a position to reach financial close in the third quarter of this year following the recent
succession of significant positive announcements for this project including:

➢ Signing of a term sheet with EnergyAustralia for a long-term energy storage services
agreement and equity investment (refer ASX announcement 20 December 2018);
➢ Commencement of an early works programme surrounding the hydraulic design and related
activity for the hydro turbines (refer ASX announcement 15 February 2019);
➢ Receipt of final environment approvals (refer ASX announcement 8 April 2019);
➢ A$25M share subscription agreement and technical services agreement with J-Power (refer
ASX announcement 6 June 2019), for which this NAIF Investment Decision is a key condition
precedent; and
➢ AEMO GPS Approval (refer ASX announcement 14 June 2019)

NAIF’s Investment Decision is subject to the responsible Federal Minister’s legislative consideration
period. NAIF’s Financial assistance to the Project is also subject to a number of conditions including
the finalisation of the Queensland Government’s consideration of the project and its agreement for
the approved funds to be advanced

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jun 25 2019, 09:38 AM
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In a halt... Capital Raising

- and as soon as the S/P nudged higher.

This one should be priced off the 10-year!




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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