plough these results are not to do with the UCTL technology, they are about a different technology 'W10', which does not involve the use of supercritical water.
They only got the license for this technology in December 2009.
UCTL is already proven in the laboratory, the W10 technology always seemed like a bit of a flyer to me and would just have been a bonus if it works.
UCTL is the main game for this company and this announcement doesn't change anything in relation to that.
I think the market has been confused by this announcement and have sold thinking that the results were in relation to the UCTL technology. Once people realise this, the SP should bounce back up.
NZC Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
