Ann: PricewaterhouseCoopers appointed as strategic advisor, page-125

It has taken a little longer than I expected but the PWC data room should open within the next two weeks.
This will be the beginning of the end of KPO as we have known it as the value focus will move from being a technology
company to a gas fired power development company utilising carbon capture and sequestration expertise.
Anyone who understands the grid knows that wind and solar are going to need base load backup which will either
be gas fired generation with CCS or nuclear.
In the short term the only alternative is gas fired with CCS as nuclear time lines are still too long.
Big companies will want into this space and KDP is a perfect opportunity that is worth millions.
We are about to find out how many millions.
My guess is we will start to see movement in KPO by mid August as corporates digest the PWC data package.
Why would you pay $50 million for 50 per cent of KDP when you can buy
100 per cent of KPO for $15 million.
The KPO register is wide open and the company is vulnerable at present.
But markets are fickle and if the major holders are encouraged by the PWC deck and overseas buying comes into KPO
we could see a big recovery.
The only thing that will screw this up is a massive placement before we have the PWC result.