ect funding, page-31

This is illogical as Monash will end up paying 50% more for their allotment after the deadline end of July.


The only explanation, also in sync with many other hints along the way ( government roadmaps for export coal, resource acquistion just before the deal...what a coincidence, some might say, mentioning of not just coldry but also matmor in a financially oriented update, this will be closely monitored by the ASX, AGL acquisition of Loy Yang and effect on ESI's shareprice, overseas interest, particularly out of Korea with a trip of management within the period of the expected Monash transaction......and so on, many were listed by numerous well researched posters on this forum ), is that Monash is coordinating the complex deal regardless of increased costs for their stake.

I have not often experienced a revised CR price upwards, usually it works the other way.

Within such developments, Monash acts more and more like a cornerstone investor and long term support.



Since we are obviously tied into political circumstances and decision making, I would expect the real move for ESI to eventuate on the heels of the government decision for subsidies for our technology and with it the long term outlook for coldry and matmor plants being made public.

And all this within the next 4 weeks.