chairman's report from annual report, page-5

High-risk tech spec just about covers it, CJ:)

Not a cross-promotion because I don't hold, but interesting to see that, following a Government grant of $5.5 million, The Lind Partners' Australian Special Opportunities Fund has stumped up $16 million over three years for Carnegie Wave Energy (CWE).

Remember all the palava when they emerged on the MST register as supposed one-trick One Tree ponies out to steal our IP for a song?

Perhaps this adds to their credibility as genuine operators "investing in companies having definable milestones and key inflection points that have the potential to create considerable shareholder value."

Now if we could just secure a matching Government grant of $5 million!