EnviroMission Ltd. (EVOMY)

[tykundegex]

Decision time:

http://www.asx.com.au/asxpdf/20101019/pdf/31t6rb8ztcmyzf.pdf

In 2 days we will see if the SCPPA decides to purchase power from the two planned solar towers in Arizona. Folks, this company has been all about solar towers for well over a decade now, and this decision will make or break them IMO.

There don't appear to be any other tangible leads for commercialization of this unique technology, so it's do-or-die time.

The company has about 360 millions shares issued & outstanding I believe (including issued stock options). Remember that the ADRs traded in the US are worth 20 shares on the ASX, which closed around A$0.035 yesterday (so about $0.7 for the ADRs traded as EVOMY). That puts the ASX valuation at about A$12 million today. It should be multiples higher if the decision is positive on Thursday.

Very exciting. I have been following this company for years, and wondering if/when they would finally build a commercial-scale solar chimney. Well on Thursday we may finally have our answer. Leave it to the Californians to be the true innovators! They will profit where the Australian government blundered.

Tykün