Plan B, page-16

Buying the plant for $245 million doesn't solve the issue of reaching nameplate capacity at 68tj.

$245 million gives COE the opportunity to control the asset. That's it.

Athena gas plant cost Cooper Energy and Mitsui Group $37 million to upgrade the plant and spent $17.8 million purchasing the plant.

Why would the board think it a good idea to buy Orbost plant for $245 million for the privilege to spend more money to fix it up for an extra 8 - 12 gj per day ? Sounds like a shit sandwich which COE holders shouldn't have to eat.

None of this makes any sense.

IF anything that discount at 24.5c is an opportunity for short sellers to walk away from the gallows by returning newly issued shares back to their broker without dealing with an excruciating short squeeze. from the market .