whats our money doing? , page-77

It is hard to know Dap.

Will they go ahead at all without the Gov endorsing them through an ALDP grant?

Exergen's backers don't necessarily need the funding. They need the knowledge that they have 100% support from the Gov which in effect removes any perceived sovereign risk. It is effectively a green light for them on many levels.

In saying that, Co's rarely use their own funding for these types of demo's hence going to market to spread the risk.

IMO there is a chance that they would still look at BM long term but go offshore to prove up the tech in either Indonesia or possibly even India.

They may drop the whole idea all together?

What effect would that have on Mantle?

Probably zilch from these levels IMO. The Vic coal projects are surely not priced in at present with our sp at .023.

It is looking more and more like IK has plans in the LV with a 3rd party and any LV based Exergen deal would just be a huge bonus on the side.

we'll have to wait and see.

All IMO & DYOR

B Rubes