Hello Insaneous,
we need to clarify lines here. I think the article was having a dig at Exergen the company and not backers. As it is not a publicly listed company we dont know who/what or if they have finacial backing from industry related or no related companies.
ECT are a company that have industry related individuals on the board. Even though ECT have fanancial backing from Monash/IMFAMA who "may" not have coal industry cred, we need to view the Co and Tech as ECT in this persective.It might seem like a fine line, but "backers" and companies directly involved in industry have a different standing.
I mentioned "may" above for a reason. As we all start doing our research on Mr Parry Agius, as he has a strong standing in the Indigenous community I wouldn't be surprised if this individual has vast experience when structuring deals with natural resources...just may be not with brown coal specifically. Worth considering.
All IMHO
As always-DYOR
Best of luck to all
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