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The Last Wave (1977)
Moody but ultimately maybe unsatisfying...
I saw this film yesterday at my local independent cinema. Both its main man, Chamberlain, and the director Weir are unknown to me although I gather from looking around here that both have had pretty illustrious careers.
I won't revisit the plot. Lots of other people have already done that. Suffice to say, the film's main strength, for me, was its unsettling ambiance. Much of that has to do with Chamberlain's unfathomable persona and vaguely alien looks. The electronica soundtrack adds to the mood. The script is spartan, with room to breathe, which further adds to the unsettling tone.
The special effects are as simplistic as you'd expect from an Australian film made at the back end of the 70s.
As someone else has mentioned, the climax "wave" probably suffers as a consequence of budgetary limitations.