overview, page-25

To get the U plant up and running it will cost at least another 450 million. That is for the wash plant and further developement etc.

Therefore when you consider the purchase of the acquisition GDO is probably looking at accumulating debt of over 660 million!

Either that or they will need to conduct numerous capital raisings to raise the additional cash on top of the 210 million debt facility that still needs to be completed.

When you consider these factors GDO with all of it's debt and future debt is already a billion dollar company at 42 cents.

It's not really good to achieve the combined value that way.

Would have been much better to stick with the previous plan and grow the company and shareholder wealth by generating great profit without any other drain of cash through massive debt financing and developement of non core business activity.