Ann: Government Grant Update , page-10

Maybe Investec couldnt raise the money with the carbon credits at an all time low - and that would have embarrassed the govt because the plumetting price is also their fault. (You can imagine it, here's the money, but our policies mean no-one else wants to invest).

If there is any hope, it's that if the govt are willing to give $66mill to a foreign company with an uneconomic but proven technology, then there will be more money available down the track for an economic Australian technology that has been proven.(OPT have admitted their buoys need to be 500kw to be ecomonic, not the 250kw they are now)

So when CETO III has been tested and works, and if we can avoid a large capital raising in the meantime, we might just get this moment all over again in 6 months - 1 year time, with a much happier ending.

I'm putting down my pom poms. That's all i can muster!