I raise your bluff with --- @tuts where are we going to get the funds to progress OHD any time soon?
Take into consideration:
a) The initial grant application under the CRC-P scheme, they applied for $2M to build the PDU2 and for funding of the broad acre Tomato and Wheat trials.
These government initiatives are on a dollar for dollar basis, in effect meant that GPP need $4M to achieve their plans ie $2M grant, $2M GPP co-funding
b) This recent rejected grant RJIP was for $590K and again this scheme is also on a dollar for dollar basis, meaning that to achieve the goals as stated in the grant application would mean they need$1.18M
ie: $590K grant, $590K GPP co-funding
On these two points alone, GPP by way of applying for co-funded government grants are implying they need $5.18M, and that will only get us to the stage of having a PDU unit built, feasibility study, field trials and some funds for Monash.
Also of a concern in this announcement:
I thought this bio - stimulant gave us 300% yield increases, we were going to have the bifggest and best bok choy, and our tomatoes were the size of watermelons. Through company announcements we had interested parties knocking down the door to get a JV or provide funding.
It is apparent that the government bodies cannot see what GPP can see and hence the rejection of grants.
All the above IMO only.....
GPP Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held