Banter and General Comments, page-6112

LPD entitlements offer out

GXY has committed to take up their entitlement , its only about 1.25M AUD.

LPD are effectively taking over another business with script but they are calling it a merger,target directors seem to be on board and it seems all friendly - have signed a new non binding MOU with a company in Abu Dhabi and proceeds will help with integration, R and D and various other things. Only a small amount is for working capital as they actually had some cash on hand at end of QTR.

Business moving towards pilot plant production in 2020 I think.

For GXY its a small investment as a percentage of cash on hand (after tax payable and liabilities last listed on balance sheet)

So its probably going to be more of a case today market wide stress with USA Vs China, plus a hangover on yet another downgrade in German growth forecasts smothered by Australian Politicians all trying to outdo each other kissing babies and making promises to spend money when your grand children are in their 30's to get your upcoming vote.