placement at 1.5c for $500k operational funds

Guess that's what we've been waiting for ... they needed the cash to continue - 1.5c seems a big discount to the 2.4c traded yesterday.

The notice also said ... These funds will also support Syngas? commercial assessments of shorter term cashflow and profit generating Bio-energy projects, further project development fund raising activities and ongoing operations.

I can't see how $500k goes that far.

I think mentioned a gap to backfill in an earlier negative post I made and I expect it now happens. With the AUD so high - how can bio-energy projects turn a profit in this (still) cheap energy environment without Govt subsidies.

I like the gasification technology - but (IMHO) expect this company now makes new lows at which time I'll accumulate.

Regards