Ann: OHD Project Update, page-150

TL/DR .......
Dare I say, you bring up some valid points:

1: The potential remains, the main issue is how do we unlock it.
It is apparent that regardless of what management informed the ASX after being issued with a please explain back after the 1st attempt at a CRC-P government grant failed, whereas in their reply they said:
"...the rejection of the grant application is likely to have virtually no effect on GPP, either from the perspective of its ongoing plans or financial position. The balance of the announcement states that GPP plans to build a PDU (Process Demonstration Unit) and its plans to carry out field trials of its plant growth bio-stimulant continues unaffected."
https://www.asx.com.au/asxpdf/20171219/pdf/43q9q1lhpg8cqg.pdf

Before we break that down, lets refresh our memory from an announcement that clearly says:
"It was decided that GPP would build a Process Development Unit (PDU) and locate it in Victoria. This unit once commissioned should be operational in the first half of 2018."
https://www.asx.com.au/asxpdf/20171030/pdf/43nqzp42k4k9t6.pdf

1a) Plans to build PDU unaffected! - FAIL
Although they are still planning it, it was supposed to be operational by mid 2018, not mid 2019!!!
But with their latest announcement, the PDU design has now been completed (29th May 2018) wait!!!
This is the same PDU that was supposed to be operational!!! It effectively shows that contrary to what they said in their announcement back in October last year, and contrary to what they told the ASX they were never going to meet that timeline of this year - basically fluffing up an announcement but to what ends??? They have no consideration that the market reacts to announcements and investors buy shares in the company on good faith based on their announcements but instead they prefer to make outrages claims!

1b) Financial position unaffected in regards to the PDU. - FAIL
From yesterdays announcement: "Subject to funding Greenpower envisages having its' PDU in Victoria and operating by mid next year." So, they tell the ASX that their financial position would virtually be unaffected but add this little snippet in their latest announcement!!!

1c) No they can't move forward without the PDU#2, PDU#1 appears unreliable and it is not cost effective to send coal/make oil/return oil - thus the need for our own PDU.

1d) Plans for field trials unaffected! - Fail
There is no field trials, and making an assumption from all OHD related announcements, they don't look like being any for some time. Lets build a good relationship with growers, get the grower bodies in agreeance and then fail when the crunch comes, will that have an effect on getting the growers to trial the bio-stimulant oil in future? Has management kept the grower groups up to date? Reliability issues? Trust issues?

Did the botched trials have an effect on the field trials going forward? Basically, were the botched trials an integral part to the success of any field trials?

As for the share price, with todays trading it appears that the market had already factored the OHD into the current share price but I am a little surprised it wasn't hammered down harder.

These both go hand in hand, to remedy the first we need to remedy the second
How do we unlock the potential of assets:
Management's past history has been to be the detriment of GPP:

The remedy:
a) Management finally realise they are over there heads with limited ability and replace board members (management driven) with ones that have the skill sets to progress GPP's projects. Its fantastic to have a loaded resume (directors) but they lack successful business acumen and/or the ability to get a project to production, they also lack focus with their desire to continually look for other projects other than concentrating on the flagship one that should/could of been the company maker being the CTL/OHD project.
b) Possibly split the company structure into Fertilisers/Minerals - and have members of management (not directors) dedicated to each part of the business, with some in shared roles.
Below is an uneducated attempt to compile a team, but you get what I mean (I hope)


c) Replace some of the current board members (share holder driven) with some more enthusiastic/younger/go getters that want to increase share holder value and bring these potential laden projects forward.

d) Do nothing - but as history shows, this will be non productive and probably the first nail into the wood.

I totally agree, the OHD project will not be the catalyst to move the share price going forward as demonstrated in the latest announcement the PDU will not be operational for another year: fingers, toes, arms and legs all crossed that Turesi provides some hope.......

All IMO only
cheers