Ann: Government Approves All R&D Programs, page-15

Greetings MrD,

Today' announcement was aimed at putting the concerns of our many 'Good Comrades' ie Croc & Co at ease.

And it is also pointing out that 'Now' that the ATO has 'officially' confirmed that there is no issue with our claim....TWO projects which would have (possibly) been affected if there was a need to repay the ATO;

Project ONE
KfW - it would not look favourable if we had this still hanging over our heads...now that the issue is resolved and also confirmation that the next R&D refund cheque will be requested shortly and consequently approved is now a given.

Project TWO
EcoGraf Facility # 2 which will benefit heavily from the R&D refunds and further Gov support as it's proposed to be built in AUS...can now be pursued with confidence.

Our EcoGraf Facility # 1 was not mentioned as there will be no large funding (AUS Gov) going towards that project.

Anyone believing that Jap, Korea and EU will wait until China can no longer supply the Battery Market b4 taking action....that's fine.