What about his titanic?
Better to finish one job before you wreck another one....

President Elect, The Mechanic wrote on Sep 20^th, 2018 at 12:37pm:


I briefly looked at the proposed location of the plant and from my experience it doesn't make sense. The issues I have include:

- The proposed cost of the plant ($1.54 billion) seems a bit cheap for a 700 MW unit, even if you build it using cheaper, high quality equipment. As an estimate, you'd probably be looking at $2.50 per watt, which would be around $1.8 - 1.9 billion.
- There's no readily available source of surface water, so you're going to have to use an Air Cooled Condenser for condensing low pressure steam, and an underground water source for plant water. You want to select a site where the underground water has a low mineral content and isn't susceptible to large variances in water depth.
- The nearest high voltage transmission line is rated at 132 kV. Ideally, you'd want it to be at least 275 kV to limit line losses. Given that the transmission line is probably not rated to carry 650 MVA, you'd probably need to construct a new transmission line anyway. The line would need to be about 350 km to connect into the main electrical network. Such a line would increase transmission and distribution charges on your electric bill to make up for the cost of building such a line. It would make more sense to build an additional unit at an already built coal power station with large coal reserves, and there a few such sites in Southern Queensland.
- No major Australian bank will fund such a project as no major Australian bank wants to build a coal power station, therefore you will need foreign capital to fund its construction.
- The plant will do little to reduce power prices, given the size and the additional required transmission costs. Within the next few years, it is estimated that up to 4000 MW of renewable power plants will be added to the grid per annum.

Clive Palmer is about as washed up and as likely as Alan Bond was to make a comeback

I think he sits in his office and dreams up things that won't happen

Clive Palmer is yesterday with a Capital Y

lets upo before he carks it   he repays the govt the money they had to fork out thanks to theft on a gigantic scale  by someone who thinks he has a chance to return to parliament..

god help us all if that moron get another foot in the door..

I know they are desperate in Qld    but please Qlders  think before you vote....for a change.

l
***This story is the story of a loser not someone who is on the cusp of an unlikely comeback Aussie


Clive Palmer's assets frozen by Supreme Court over Queensland Nickel collapse


Queensland Nickel's liquidator has won a Supreme Court bid to freeze Clive Palmer's personal assets in an effort to recover millions of dollars from the 2016 collapse of the north Queensland refinery.

Federal Government-appointed liquidator PPB Advisory sought an injunction in August to restrain the former federal MP from selling or spending more than $200 million in assets.

The freeze also affects more than $340 million in company assets related to Mr Palmer's business activities.

PPB Advisory is trying to claw back $70 million in taxpayer funds paid to sacked Townsville refinery workers.

More than 800 workers lost their jobs when the refinery collapsed.

Justice John Bond granted the order to freeze the assets of Mr Palmer and several of his companies.

Clive Palmer in a suit speaks to the media outside the Supreme Court in Brisbane.
Photo: Clive Palmer outside the Supreme Court in Brisbane. (ABC News: Ellie Sibson, file image)



Mr Palmer's lawyers applied for a stay on the freeze order for 21 days, but Justice Bond dismissed the application.

Mr Palmer was not in court for the ruling.

His barrister Dominic O'Sullivan applied to submit a copy of the Australian Financial Review's rich list as evidence that Mr Palmer could pay what was required of him.

The list named Mr Palmer as the wealthiest man in Queensland, with an estimated fortune of $2.84 billion.

Justice Bond said: "You're not going to hand me up the rich list are you?"

Mr O'Sullivan replied: "Yes I am."

Justice Bond asked: "How is that evidence?"

He rejected the rich list application.

In his written decision, Justice Bond said the orders "apply until final judgment or further order in the proceeding".


"In Mr Palmer's case the value specified was $204,943,664.39 but other amounts were specified for the companies concerned," Justice Bond said.

Lawyers for PPB Advisory had previously argued there was a "real risk" Mr Palmer's assets were being sold, pointing to the sale of his Brisbane headquarters Mineralogy House, worth $23 million.

His assets include planes, vintage cars, golf courses and a string of multi-million-dollar properties.

'It's a witch hunt'

In a statement, Mr Palmer's spokesman Andrew Crook said the court ruling was "further evidence of the political witch hunt against him".

"Despite the fact that Clive Palmer has been the fastest riser on the AFR rich list, coming in at the 20th most wealthy person in Australia with $2.84 billion, Justice John Bond has granted an order to freeze just over $200 million of his assets,'' Mr Crook said.

Businessman and former federal MP Clive Palmer arrives holding a sick bag to the Federal Court in Brisbane on May 16, 2017
Photo: Last year, Mr Palmer appeared with a sick bag when the Federal Court ordered he answer questions about his missing nephew, Clive Mensink. (AAP: Dave Hunt)



"This extraordinary outcome in the Queensland Supreme Court seems out of step with what the AFR has highlighted and is further evidence of an ongoing witch hunt.

"If a freezing order can be made against Mr Palmer, then a freezing order can be made against any Australian."

The liquidator's injunction was filed as part of a wider lawsuit against 21 defendants, in which liquidators allege Mr Palmer and his nephew Clive Mensink breached their duties while running Queensland Nickel and traded while insolvent.

Mr Palmer recently lodged a counter-claim in the Supreme Court in Brisbane, suing liquidators for $1.8 billion for damages, and he has always denied any wrongdoing.

A date for a lengthy trial of the case is still being determined by the courts.

Justice Bond said the asset freeze would be subject to numerous exceptions, "including that it does not prohibit dealing with or disposing of assets in the ordinary and proper course of business, including by paying business expenses bona fide and properly incurred".

"There are particular aspects of Mr Palmer's previous conduct and decision making which would lead a prudent, sensible commercial person to infer that there is a real risk that he would take, or cause to be taken, steps outside court processes to attempt to frustrate or inhibit the prospects of enforcement or execution of any significant judgment against him or any of his companies," Justice Bond said.

"There is no certainty that that is what would occur.

"Indeed, I am not in a position to conclude that it is more probable than not that that is what Mr Palmer would do.

"But, endeavouring to take account of all the evidence before me, and conscious of the degree of care that I am obliged to take in applications of this nature, I nevertheless conclude that there is a real risk that he would."

'Getting his just deserts'

Townsville resident Lorraine said she had friends and family members who lo

Gawd...the same old record.  When will you two understand that the debts of a Company are not the debts of the shareholder/s.

I reckon Clive is a rare breed...a Don Quixote sort of fella who is quite willing to tilt at windmills with his loyal mate Mr C. Ash there to help him stick it to them.  I was always a Man of La Mancha fan.  First 'musical' I saw and loved it.

I also found this..