"Stonehenge Resources (SHE) shares suspended, Carnegie Wave...

"Stonehenge Resources (SHE) shares suspended, Carnegie Wave Energy (CWE)4.8c
Stonehenge may have stumbled on the right time to renounce uranium exploration in favour of acquiring the renewables aspirant Protean Wave Energy.
Protean has designed “small and inexpensive” buoys that produce compressed air to power a conventional generator.
While the Protean units float on the surface, Perth counterpart Carnegie’s are tethered below the waves to reduce wear and tear.
Just as there are 50 ways to leave your lover, there are at least 50 ways to convert wave power to energy and globally there have been high-profile flops.
Protean aims to raise $2.5m-$5m by issuing 100-200 million shares, at 2.5c apiece, with an attached free option exercisable at 3.75c apiece. Incentive shares are also flung around like confetti and investors should peruse the fine print.
As with Carnegie, Protean is targeting island nations both dependent on diesel generation and surrounded by heaving oceans. The first step is to deploy 30 demonstration buoys off the coast of Bunbury, south of Perth, by early next year.
Carnegie, meanwhile, supplies alternative power to Perth’s Garden Island naval facility, lest some bounder cut the cord to the mainland.
While we don’t expect the Protean float to sink, we’ll keep our speculative pennies with Carnegie."

http://www.theaustralian.com.au/bus...y/news-story/6b11c53cc2a33f4e1a08f25bcaa25fd6