Ho humm. Just can't get excited and this is a absolutely...

Ho humm. Just can't get excited and this is a absolutely uninspiring update with the most minimal details.

Until they actually have something scalable up and running producing a commercial product at a economic rate it is all just a experiment as I don't have confidence in the previous less than detailed announcements. Crunch time not far away as they have now set a hard date for install and complete commissioning this quarter. This is a modular supposedly tested system so if they commission it with pure water, pure gas , heat , pure air and pure electricity it should start producing and ramp up to design capacity?. Then once process and output is proven they have a baseline ( hurdle reached for payments?) and can introduce local water, local gas, air etc and see what happens with output and quality. The one thing that I have never been clear on is why this process is being done in India and not the test plant in Australia ( apart from the fact the Indians are paying). Why duplicate what already exists unless there was significant design modifications that have gone into new plant and now it is possibly out of your direct control on partners site. In history India and China are known for taking processes and modifying them slightly or completely and subsequently never paying any royalty or minimising partner payments over time .

Watch and wait but unless they want to raise money I don't expect them to tell anybody much and no detail.