That the issue of the Bauldescome Battery has been raised is primarily a consequence of the GNX Board of Directors and the "Kidston Independent Committee" deciding that the ASX and GNX shareholders would not be informed about the performance of the Tesla managed battery.
Compare Baulderscome Battery with the Hornsdale Power Reserve, (initially, in 2017,100Mw/129MWh), in South Australia. In stark contrast to the Baulderscome Battery information about Hornsdale flowed freely and steadily.
The decision to have a news blackout for Baulderscome Battery coincided with the NBIO from J-Power; an offer which included the No Talk and No Due Diligence Restrictions. That led to doubts, at least in some minds, about how fairly and reasonably SHAREHOLDER VALUE was being ascertained; especially given that the J-Power offer was only ten(10) percent above the August 2022 Skip Capital offer of 25 cents.
The information provided by @aclemence could have been provided by GNX; along with commentary like that which he subsequently provided. GNX could have talked about value of Baulderscome Battery in terms of Frequency Control Auxillary Services, (FACS).
Having said the above about the Baulderscome Battery I make the point that the much bigger issue I raised was the question of the SHAREHOLDER VALUE being created by the energisation of the Kidston Storage Pumped Hydro later this year. Remember, Bauldersome can output 100MWh whereas the output from Kidston is 2500MWh.
I said, in my post, the following:-
"I have, without success, asked the "Kidston Independent Committee" 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."
It seems more than reasonable for GNX shareholders and the ASX to have such information; like they should have information about the past and most likely future performance of the Baulderscome Battery.
I have seen it speculated that the NAIF loan is over fifteen (15) years and at an interest rate of less than three (3) percent. That NAIF concessional loan has, in itself, SHAREHOLDER VALUE. It begs the question of whether or not Goldman Sachs has placed any value on the concessional loan?
If, @csadeev, you believe asking the "Kidston Independent Committee" the above question about the Kidston Storage Pumped Hydro of is "spam"; so be it.
That the issue of the Bauldescome Battery has been raised is...
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