i dont get it...., page-20

BY

Full points for keeping the faith.

...but please, point us to any ann made by ESI that states undeniably that:

"ECT & MONASH & COLDRY & MATMOR & EL5119" is:

"the real deal"

and

"financed".

This ann states that there is going to be a potential delay for the $4 mill after the 26/7.

We know it didn't happen within 5 days of EGM? In the past I know.

We know it didn't happen within the 2 week timeframe as ann'ed? In the past I know.

Now it is being mooted by an ESI ann it may not happen by the 26/7.

In the mean time, they are going to take $1 mill in advance from GW for 15% interest rate and 5% fee.

Considering the recent 10% deal of another, 20% (in interest pa and fees) doesn't look that appealing.

The Q's to ask are:

1) Why does ESI need to take $1 mill in cash now if the $4 mill deal will happen by 26/7?

2) Why does ESI need to take $1 mill in cash now if they are going to get $$$ in Oct? Not enough cash to see through to then?

3) Why has ESI been told by Monash/Neil now 3 times that the $4 mill will be in the bank by certain timeframes with "sighted document evidence" and it still isn't?

4) If the $4 mill is part of a larger transaction to fund Coldry, Matmor and exploration, why has this amount not been divulged by ESI and/or Moansh?

5) If the 26/7 deadline is missed - what will be the new timeframe for the new mooted $6 mill in funding? and why the need for a convertible loan?

6) Why was this ann worded in such a fashion that all quotes were referenced to a 3rd party not associated with ESI (as yet) and not a definite statement by ESI re reason for $1 mill cash, etc?

No one else think these are reasonable Q's that should be asked?

Cheers K