Spoke to someone at the company. They said that they are still backing 3 core areas
a) waste heat
b) ARW
c) Aquaguardian
The boxes for waste heat should be manufactured in 2010 and hit the geothermal sector in Japan. This is a defacto pilot for future production
No detail on Aquadguardian and I didnt ask
They see ARW as contributing cashflow to fund other developments. I guess they must be upbeat about it because it looks more like a cash sink to me. If they have done their sums right I guess they are aquiring it cheaply on a historical basis.
I've dumped my WAS and am (amlost) free carrying the options (originally held WASPA). I'll see where they go with this.
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14.5¢ |
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