This announcement appears to justify a much better SP that the current one. The current market cap could even be justified by the gas described in the announcement without placing any other value on the Hythane and the carbon fibre and nanotube projects. When you realise that the gas and Hythane are companions and the carbon products a byproduct from producing the hydrogen for the Hythane the mind boggles.
There are plenty of gas hopefulls with no more gas prospects that have a higher market cap than EDE and don't have the attached business as we see with EDE.
When it appears too good to be true it usually IS too good to be true. EDE may be the exception to this rule.
I'm glad I have held onto these through the bad times. Anyone not taking up the SPP has missed out here it would appear.
EDE Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
