Good luck to Simon Kidston for having the foresight along with...

Good luck to Simon Kidston for having the foresight along with Michael Addison to set up Genex Power.

They bought the Kidston site back in 2014 for $1. That's probably saved investors multiple 100s of millions of dollars in build costs. Yes they were rewarded with shares for doing so, and without that saving, the project may not have received funding at all.

Given the fact that the market hasn't recognised the value yet (and the Liberal federal government stuffed around for 10 years), Simon should stop being held out as some sort of charlatan. He would be just as disappointed as others about past hurdles, but is no doubt looking forward to commissioning the big projects coming up.

Obviously he wants to maximise the share price given his holding, just like the rest of us.