EnviroMission Ltd. (EVOMY)

[tykundegex]

As of their filing on May 20, 2010, the company has 324,928,382 shares outstanding.

http://www.asx.com.au/asxpdf/20100520/pdf/31qfpgrk3wb8b1.pdf

On the ASX (Australia, where they're based) last trade was at AUD 0.028, which gives it a market cap of A$9.1m (US $7.9m).

Market cap of this company is seeing it all-time lows (seen before in 2008), and they're awaiting a ratification of the SCPPA to purchase power from 2 planned towers in Arizona.

http://www.prnewswire.com/news-releases/enviromission-solar-tower-wins-scppa-approval-66381117.html

They have no other developments as far as I can tell .. only Arizona. They halted the construction of a tower near Sydney a couple of years ago citing a negative political environment (funding, support, etc.) as their reason.

Now they're looking for big funds, and retained Raymond James a while back to promote their technology & help them find bigger money.

http://www.prnewswire.com/news-releases/us-energy-analyst-profiles-enviromissions-solar-tower-technology-solar-tower-technology-makes-us-debut-69278362.html

I like this company's technology -- simple, clean and even cost-competitive with next-gen nuclear on a $/W basis (not to mention miles ahead of Solar PV and CSP).

Anyone else done any digging into this tech or this company? Would love to share thoguhts & analysis.

Tykün