OUTSTANDING POSITIVE CASHFLOW(S) - KIDSTON PUMPED STORAGE HYDRO (250MW/25000MWh)

OUTSTANDING POSITIVE CASHFLOW(S) - KIDSTON PUMPED STORAGE HYDRO (250MW/25000MWh)

What is OUTSTANDING about the positive cashflow(s) from the KIDSTON PUMPED STORAGE HYDRO is the paucity of information provided by the Board of Directors of Genex Power Ltd to the ASX and GNX shareholders.

The Board of Directors provided a Construction Update on 12 December 2023:-

https://app.sharelinktechnologies.com/announcement/asx/7459d4779ae6b479594904dfb37f314d

This ASX Announcement was about the engineering achievements and progress.

What is OUTSTANDING from the Board of Directors is any meaningful information about the projected financial consequences of the energization of K2 - Hydro. Energization which has long been flagged for the end of 2024.

Long before energization, like last year, (when the engineering report was made as an ASX Announcement), GNX shareholders should have been informed about:-

The likely annual revenue from the sale of power that will flow into the K2 - Hydro project

The likely annual cost of the power purchased for the K2 - Hydro to store energy

The likely annual costs of operating K2 - Hydro

The annual revenue from the Kidston Stage 1 Solar project and the improvement in revenue into Kidston Stage 1 Solar with power from Kidston Stage 1 Solar being used for K2 - Hydro, rather than being fed into the grid.

Provided information on the CURRENT STATUS of the Kidston Stage 2 Solar

The annual repayments on the $610 million Northern Australia Infrastructure Facility, (NAIF) that will become due after energization of K2 - Hydro.

Post energization, Genex Power Ltd will have a flow of revenue from:-

K2 - Hydro - 250MW

Baulderscome Battery - 50MW

Jemalong Solar project - 50MW

Kidston Stage 1 Solar - 50 MW

It would not be too hard to produce well informed estimates of the revenues and costs AND it must be very clear what the repayments to NAIF, (fifteen years, at less than three percent interest), will be?

It seems very likely that the SHAREHOLDER VALUE of Genex Power Ltd, after energization, will markedly improve and pressure to proceed with Bulli, Kidston Stage 2 Solar, the wind project, etc will be reduced?

The J-Power director on Genex Power Ltd knows all this and is likely aware that there is a “push”, including from within the Board, (by the promoter of the 2022 Skip Capital takeover offer), the “Kidston Independent Committee” and possibly Skip Capital, to liquidate; even at a price well below fair and reasonable SHAREHOLDER VALUE.

The OUTSTANDING financial information about K2 - Hydro, (like for the Baulderscome Battery), casts doubt on what might come from the Target Statement and the report from Goldman Sachs, commissioned by "Kidston Independent Committee".

Seems like a steal for J-Power at 27.5 cents? Hopefully someone will present some cogent reasons why retail shareholders should think otherwise?