72% holding in the top 20 spread. Not to distract from the big...

72% holding in the top 20 spread.

Not to distract from the big story of the moment but Tas also hold 17.4% interest in Eden Energy - plenty of upside here also imo.

28 September 2011 - Eden Energy (EDE)

Carbon/ Hydrogen Production Reactors

The 24" reactor completed all the pre-operational testing and is now operating and progressively producing far larger quantities of both carbon nanotubes and carbon nanofibres.

Work will shortly commence on then bringing the 36" reactor into full operation. This will enable a significant increase in nano-carbon production to occur.

Nano-Carbon Applications

Work continues on the possible new applications for our carbon nano-products.

Concrete

We continue to focus on the concrete industry, rubber production, the plastics and composite industries and the conductive coatings and materials industries. Test work on concrete applications, which takes a long time as each sample must cure for 28 days before testing, is being carried out by the Hythane Company team in Colorado, as well as in India and Australia, under both industry and academic collaborations.

Conductive Plastics, Polycarbonates etc.

During the past two weeks, in response to a request from a plastics manufacturer, we shipped to them a significant sized sample that is now being trialled in their conductive thermoplastic product lines. If acceptable, it is hoped that this could lead to a potential multi tonne/year customer of our carbon nano-materials.

We also identified a number of other potential multi tonne/year customers that make conductive epoxies, coatings, and inks. We are sending out samples to interested companies for trialling. It appears that the conductive polymer industry is currently the largest commercial consumer of carbon nano-tubes.

Our products are also currently being tested in relation to their suitability for use in lithium ion batteries. We are expecting to see a significant increase in the longevity of the li-ion cell with the addition of our carbon nano-products.

Rubber Applications

The test laboratory that we have engaged to conduct various tests on carbon-impregnated rubber, experienced mixing issues with some of the samples. Our engineer is visiting their laboratory this week to supervise the process. There is an aging time after curing, and it is now likely to be at least 3-4 weeks before we get the results.

Whilst we cannot be certain that we will achieve positive results, previous testing by others has produced some good results.

Sales and Marketing

Repeat orders for modest quantities of our carbon nano products continue to be received, which whilst not yet of significant commercial value, confirm the technical quality and suitability of our carbon nano-products for a wide range of applications where such products are already being used.
___

Might expect to see a small pull back from here as d/t's exit but the sp will see new highs in 8-10 weeks imo