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no gov money yet, page-2

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    Geodynamics misses out on first round of grants
    11:27, Monday, 30 October 2006

    Sydney - Monday - October 30: (RWE Australian Business News) -
    Geodynamics (GDY) reports the Federal Government is progressively making
    announcements concerning the first round of grants under its $500m Low
    Emission Technology Demonstration Fund (LETDF).
    Geodynamics has been advised that its proposal for support of
    its Stage Three 40MW demonstration power station, (HotRock40), is not
    included in the first round of grants.
    The Company's proposal, although of the highest technical
    standard and merit, was considered to be premature at this point.
    It readily met the Government's guidelines.
    ENDS

 
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