how low can it go, page-24

I always thought the CETO 4 in Reunion could be deployed before xmas if we're lucky. Maybe in Jan or god forbid Feb, but i'm also hoping for Dec. From what i gather they're doing the same process there as CETO 3 in OZ. Not grid connected but testing the output compared to the modelling.

We must be very close to a capital raising. I cant see them waiting until the new year - they never have before and I doubt they've got enough cash to want to cut it too fine. They'll offer the shares cheap and bump them up with a few choice announcements to ensure they raise enough dosh to pay the wages for a few quarters at least.

Would love to see EDF take REH's stake. That vote of confidence would bump up the SP without diluting the shares - but that sounds too good to be true, so wont happen. Imagine that, REH would actually have to find something to do for their director's fees - god forbid. Where would they find the time?

But even if it was new shares, i'd rather they go to EDF or DCNS as a vote of confidence in CETO than another round of shares flogged to "sophisticated investors" (who don't seem too sophisticated) or worse, us muppet retail investors. If we get to buy them, good grief.

If the fed is only willing to give $5mill (I'm not convinced that will actually be the case) and CWE feel a $20mill project half paid for by Fed/State govts is worth it, fine by me. Beats being in a holding pattern doing nothing but waiting. However, I doubt that will be the best offer on the table once the RI CETO 4 tests are completed.

But hey, we closed at 6c so those really positive insiders are showing remarkable restraint - they should be applauded for showing the moral strength not to buy any shares in the face of such imminent positive future developments!