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  1. #91
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    Quote Originally Posted by Dej View Post
    Like you, Silu, I have way to much of this in my portfolio.

    Have re positioned a lot of things over the past year, but this is one I have held now since March / April of 2016 and lots of profits from other more speculative investments I push into Genex.

    Very excited about the projects and the company.
    Good to hear you're still in it Dej. I believe it was actually you who suggested GNX to me so thank you! Now lets get the financial close for KH1!

  2. #92
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    It's behind a paywall but the Townsville Bulletin reports that the QLD state government approved the A$132m funding for the transmission line for the Kidston Renewable Energy Hub.

    N.B. Actually ABC news reported it as well https://www.abc.net.au/news/2019-09-...tling/11467992
    Last edited by silu; 04-09-2019 at 09:26 AM.

  3. #93
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    Joint statement between Genex and QLD State Government is out https://www.asx.com.au/asxpdf/201909...y6jg6d23z2.pdf

  4. #94
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    While we are still waiting on the official financial close announcements I rest easy knowing Energy Australia is looking for a Project Manager on Seek for the Kidston Pumped Hydro Project https://www.seek.com.au/job/40017209...4-897a230a1473

  5. #95
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    Interesting post on HC regarding inverter issues, apparently the solar field has been off line a number of times, I dont believe this has been released to market. Seems UGL are going to earn their margin resolving this issue. Hopefully this is settled quickly and stays away from the courts.

  6. #96
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    bad bad bad
    Last edited by silu; 01-11-2019 at 03:13 PM. Reason: because bad

  7. #97
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    Hopefully it comes through in 2020 for you silu
    Kidston Pumped Storage Hydro - Project Update 2 pages 141.4KB


    1. As part of its final approval processes, which were targeting a final investment decision in CY 2019, EA has today advised Genex that it will not be in a position to reach a positive investment decision on the basis of the long term energy agreement structure as outlined in the Term Sheet. In light of this development, Genex wishes to advise that it no longer anticipates that it will reach financial close on the Project in CY 2019.





  8. #98
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    Quote Originally Posted by Joshuatree View Post
    Hopefully it comes through in 2020 for you silu
    Kidston Pumped Storage Hydro - Project Update 2 pages 141.4KB


    1. As part of its final approval processes, which were targeting a final investment decision in CY 2019, EA has today advised Genex that it will not be in a position to reach a positive investment decision on the basis of the long term energy agreement structure as outlined in the Term Sheet. In light of this development, Genex wishes to advise that it no longer anticipates that it will reach financial close on the Project in CY 2019.




    I better hope so. I'm BIG into this coy. I honestly feel quite ill right now.

  9. #99
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    How big of an issue is it? Just a delay or chance it gets canned?

  10. #100
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    Quote Originally Posted by silu View Post
    bad bad bad
    Thinking chin up silu,


    We have to wait a little longer for Energy Australia, sounds like negotiations broke down. I would love to know the reasons, usually its money. It could be a good sign our little company is negotiating hard. Seems there has been no market leak, share price has been strong recently.

    This project is in high demand, I wouldnt be surprised for the politicians to get involved. They may open their wallets even more.

    Looking to add a few more over the next little while, I see this as a delay, it happens all the time in my industry. Hopefully this is resolved in the first quarter next year and not the last.

    Its a pitty, it was tracking so well.

  11. #101
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    Quote Originally Posted by Carpenterjoe View Post
    Thinking chin up silu,


    We have to wait a little longer for Energy Australia, sounds like negotiations broke down. I would love to know the reasons, usually its money. It could be a good sign our little company is negotiating hard. Seems there has been no market leak, share price has been strong recently.

    This project is in high demand, I wouldnt be surprised for the politicians to get involved. They may open their wallets even more.

    Looking to add a few more over the next little while, I see this as a delay, it happens all the time in my industry. Hopefully this is resolved in the first quarter next year and not the last.

    Its a pitty, it was tracking so well.
    Hi Carpenterjoe,

    Thanks for the words. I'm feeling a bit better now and it's not as if Genex is suddenly going belly up or the like. I actually think right now they are barely valued fairly with KS1 completed and JS1 just about to start. Kinda good to hear also that you as an industry insider aren't too worried about the delay.

    My 2 cents right now about this are the Genex negotiated hard for a 20-30 year off-take agreement. Energy Australia as a conservative body was looking for policy concessions from the Federal Government that were as yet not forthcoming. Personally I cannot see how this project is not going forward as it has the backing from so many parties and the state government but how and when is going to hang over the share price for a while. How J-Power will fit into this I don't know yet. I'm looking forward to management informing the market clearly about the path forward.

    On the plus side with new substantial holders coming on board just before the announcement it seems that most have been unaware and there are no leaks. Small consolation.

  12. #102
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    Currently trading at 19c which is way better than the drop to 14c on Friday. At current MC of 75m it trades at fair value for KS1 and JS1 imo.

  13. #103
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    Quote Originally Posted by silu View Post
    Hi Carpenterjoe,

    Thanks for the words. I'm feeling a bit better now and it's not as if Genex is suddenly going belly up or the like. I actually think right now they are barely valued fairly with KS1 completed and JS1 just about to start. Kinda good to hear also that you as an industry insider aren't too worried about the delay.

    My 2 cents right now about this are the Genex negotiated hard for a 20-30 year off-take agreement. Energy Australia as a conservative body was looking for policy concessions from the Federal Government that were as yet not forthcoming. Personally I cannot see how this project is not going forward as it has the backing from so many parties and the state government but how and when is going to hang over the share price for a while. How J-Power will fit into this I don't know yet. I'm looking forward to management informing the market clearly about the path forward.

    On the plus side with new substantial holders coming on board just before the announcement it seems that most have been unaware and there are no leaks. Small consolation.
    Good to hear your not letting the situation get the better of you.

    I'm happy we have been notified this side of xmas. I would have found it harder getting notified with a week left in the year.

    This project its needed by the grid. Within the last few months there have been midday occurrences where the grid has charged to produce Queensland power.

    I will continue to trade at these prices, even tho i got caught holding way to many last week.

    I would like an update on the Jemmalong project and if the building schedule has changed.

  14. #104
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    There's some weight off my shoulders
    NAIF Board Approves Extension of Kidston Hydro Funding Offer
    https://stocknessmonster.com/announc...asx-2A1186169/

  15. #105
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    Quote Originally Posted by silu View Post
    There's some weight off my shoulders
    NAIF Board Approves Extension of Kidston Hydro Funding Offer
    https://stocknessmonster.com/announc...asx-2A1186169/
    have been following this one for the last 12 months.
    thanks very much for all of your contributions & commentary silu (which I have always enjoyed).
    finally took a punt and dipped my toes in this morning @18.5
    now to stick them in the bottom draw!
    hopefully this is just a small blip - great ultra long term hold imo

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