Ann: Appendix 3B and Section 708A Notice-GPH.AX, page-7

thunder54

For me this strategy sounds good and does work if you have the right asset however I'm not at all convinced 75 kt pa with A$100M capex will deliver a high return on investment. The idea behind small and faster start ups is to lower risk and dilution for shareholders by reducing capital requirements. If GPH continues to trade 3 to 4 times (and more over time as others progress with better projected returns) below that of its peers then they will not achieve this goal. Nothing wrong with moving the goal posts.