Ann: Quarterly Activities Report, page-3

Great analysis Rj. i can see your point on credit raise , It was a very small raise with minimal dilution. They could have raised a much larger sum without having to get shareholder approvals but they kept it to minimum. I can also see why the options were offered at 20c strike price, It's like a further credit raise at a much higher price down the track. That tells me they are very confident that the news flow coming soon will see the sp way above 20c and they will continue to get cash through those options.
I read in one of your posts that Tesla is not on the cards , I have to disagree with you on that one. I still think that it's only natural to seek them as a customer but I resign to the fact that Bruce is very well connected with the chinese. It was interesting to find out he speaks fluent Mandarin and was working there as a Government Relations Subcommittee WA Australia China Business Council.