Another great Aussie company has to take their technology offshore to get things kick started due to lack of vision and funding by the Australian Government. Carnegie will be a success story and my guess is we will get bought out by an overseas player. Once the demonstration plant gets going and the technology is proved Carnegie will seem pretty cheap at these levels and even mid .20's. Just another feather in the cap of the government, NOT.
CWE Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held