GNX genex power limited

Ann: Kidston Pumped Storage Hydro Project - Construction Update, page-9

  1. 671 Posts.
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    The way I read it is that having been told energization would be by the end of this calender year, 2024, the market is told it will be by the end of by Q1CY2025.

    That is quite a long delay. What is disturbing is that the Kidston/Craven BofDs do not explain the delay.

    Once again it gets back to question of TRUST.

    The issue of TRUST is highlighted, once again, by the BofD's ongonig failure to reveal information about the Boulderscome Battery.

    It seems, almost certainly, failing to disclose Boulderscome Battery data impacted, negatively, upon the VWAP; to the delight of the J - Power director on the Genex Power Ltd board and the Electric Power Development Co., Ltd.

    Mr Lumin, you and others will be interested to hear I have received a letter f and rom the Chairman, Dr Ralph Craven. The letter is in response to my letter to Misconduct Issuer and the ASX's Mr Lachlan Morley. I need time to consider it but the issue of TRUST is foremost in my thoughts.


 
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