Genex Chairman - Dr Ralph Craven Enquiry Response, page-13

Dr Craven is yet to answer my email to Simon Kidston, Craig Francis and him.

I asked:-

"what annual NET income would be generated by the Kidston Storage Pumped Hydro versus the annual repayment of the $610 million NAIF concessional loan, once commissioned , later this year."

If the Board of Directors have been actively seeking equity/project investors, in the form of entities like the Commonwealth Superannuation Corporation, it seems that the answers to my question would be readily available. Such investors would have demanded this data.

I have written to Andrew Macdonald, (who one might think has been back grounded), and among other things said:-

"If the fortunes of the company markedly improve with the full operation of Kidston Pumped Storage Hydro it, Genex Power Ltd, may be in the position to wait for potential investors in Bulli, Solar Stage 2 and Kidston Wind to come to it?"

For some reason "me thinks" someone wants liquidation, even without fair and reasonable SHAREHOLDER VALUE being paid?