key partners, page-19

Lautrec,
Focus on the below part of excerpt from the 01/03/2013 announcement:

"building capital market interest in the CDP project, expanding options for CDP funding, and contributing to other initiatives such as our application for government funding under the ALDP grant scheme".

The ECT board have been working feverishly drumming up support for the CDP. I agree we don't need to hear too much from ECT in relation to the $6M placement because enough has been said on the equity component.

However I believe we need to be patient and trusting the board is lining up funding for the CDP and CSP across many options ( asian partners, Monash, TIncom interest other etc).

I've been gritting my teeth, holding my nerve, and whatever other expressions regarding funding. If the board states "imminently" then I believe we are entitled as shareholders to expect confirmation of who's in or out, structure and size of deal AND IMMINENTLY.

I've already laid out a SIZEABLE amount on this COY and there are many days I've been tempted to LINE WIPE 0.1cent. In fact, I felt like wiping the whole lot yesterday but that's going against my personal diversification rules.