New Board Proposal, page-88

Well, not much to add apart from disappointment here. So be it, will use the loss to offset some gains.  Can't see myself holding this after June.

The sleeping issue we haven't discussed is the CR and Bulseco of Xcel.  Wouldn't be surprised that is where the money might come from.  Last time Bulseco left GPP there was a ramp up and then a dumping of all his shares.  That would be a concern if the CR, if it does eventuate is with him (or through him via funding forms such as convertible notes.

In terms of OHD some questions I would like answered are:
1. GPP contributed in effect $4 million to IP.  I suspect GPP did more than contribute to OHD it helped to stabilise Steps 3 - 5 of that process for little reward.
2.  Given the PDU is not of the shelf - as I suspect because of the different inputs to OHD here brown coal - why do they need to plan and build it in the USA, why not Australia.
3.  Is Collie coal still an option given the issues they have in Victoria.
4.  Which results have been tainted and who is responsible for the recent stuff ups.  Monash should have know better and test the formula - it is basic lab work 101 before you do anything.

A while ago I posted on OHD - reading through this old post and embedded post you can see what a complete shambles OHD has become. I am starting to think the tech owners took GPP for a ride and GPP in effect funded the development and improvement of that process (in return for essentially Australian and NZ rights).  Wonder what will happen when others emerge with rights elsewhere in the world. Post #: 28206618

All IMO