Been watching the buy volume gradually creep up to sell volume. Was 2 mill diff and now about 3-400k behind sellers. High volumes waiting to pick off sellers who are probably long term holders who want out. They are spending $$$ on materials to fill orders but still only getting small orders for "evaluation". Need to crack a big one to show acceptance by energy producers that this technology IS viable. Happy to see a gradual price rise as firm orders are received. A note on gas supply in Oz. Coal seam gas is coming under scrutiny as landholders in the Hunter Valley see water table dropping and pollution of water sources from fracturing of coal seam gas deposits. This is a major food and wine producing area. Expect more noise on this problem as the affected landholders spread the word to VIC and QLD. It will become a State issue first and then a Federal one. we have plenty of gas offshore so there is no need to bastardise quality horticultural regions. Expect to hear more on this issue. Was on news late last week. TRIG
CFU Price at posting:
12.7¢ Sentiment: LT Buy Disclosure: Held