The National Reconstruction Fund (NRF) is about to begin work. The 8 Board members have been selected with $15 billion in the kitty. The Chairman was interviewed on ABC radio yesterday morning and indicated 100% of the money was available. The money will be provided as loans, gaurantees or equity to successful applicants. Up to $3 billion will be available for renewables and emission reduction technology. He also mentioned the NRF was keen to see value adding in the mining sector.
Maybe VSUN could start building batteries rather than being a sales rep.
I can't post the the interview but it is on the internet, it is worth a listen.
AVL Price at posting:
3.2¢ Sentiment: None Disclosure: Held
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(20min delay)