the spp and other things

Up to $15,000? I think it will be scaled way back. We will know domestic and offshore allocations by tomorrow.

Assuming $5-10m left over for existing Oz/Kiwi shareholders and say 1,500 put their hand up (I think there are 7,000 shareholders) that equates to 617 - 1,234 shares (ie $3,330 to $6,660). I actually think it will be a lot lower.

Key for me (as already noted):

*SOI pilot plant: "close to commercialisation in collaoration with Tier 1 customer; plus other enquires from large semiconductor players in USa

*Vast majority of funds go to dense array PV. SLX is in discussion with a number of parties for setting up pilot projects - to me that reads: the technology works, here is a pilot, now lets build a big bugger ie it is ready essentially for commercialisation.

*not sure what to make of "discussions with Asian manufacturers to source cheap materials" for flat panel PV. Will defer to Moosey and assume Suntech.

Many, many, moving parts. Think with cash in kitty my previous call about 2011 being SLX's year is on the money.

K