Australian Government Solicitor, (AGS), and the missing legal opinion(s)., page-18

The following is a paragraph contained in a letter to Ralph Craven, the Non-Executive chair of Genex Power Ltd, dated 2 July.


"It is noteworthy that Genex has never engaged financial experts to provide Genex shareholders with an estimate or estimates of the Net Present Value of the Kidston Pumped Storage Hydro, K2H, project. To do such a task the details of the NAIF concessional loan would have to be revealed. Crucial information Mr Kenichi Seshimo has made available to JPGA Power Pty Ltd."


In the light of the post containing information concerning Bulli Solar, (from LinkedIn), it will be interesting to see if I get a response from Dr Craven; one which addresses the failure of the company to produced estimates of the NET PRESENT VALUE of K2H.

The ugly head of the secretive "SECRET" $610 million taxpayer funded concessional loan rears up, yet again.