usa shale gas/china supply threat, page-18

I have to agree that the repeated question about Monash is becoming a non issue.


Monash through Neil is obviously well connected and Neil has plenty of financial experience to see this partnership through.


The high volume days lately without price appreciation point towards activities leading towards a funding decision.
In my humble opinion, such decision process is most likely already long concluded and the fact that it is not shared publicly implicates that it is material in a way confronting the ALDP guidelines of confidentiality.



ECT would not have stuck with Monash after a year of broken promises and Monash would not be here still if they would not have a vital interest in Coldry and Matmor, down the line.




If Coldry is the technology predominantly used in accessing the dormant lignite resource in Vic internationally, several options explaining current events come to mind.

1,
T/O is prepared. This would explain the odd continuation of an apparent uneventful partnership within which both partners express that they are committed.
It would also explain the low price and high volume spikes without reaching higher price levels.

A T/O situation would necessitate a party to accumulate aggressively shares on market to guarantee dominance in the upcoming votes.

Latest update saw 55 mil shares traded, followed by 22 mil.
2 days ago we hit 30 mil shares.
This already accounts for 100 mil shares.
Who is buying those amounts and keeps price stagnant?



2,
Monash and management are both committed to work together and Monash functions as a guarantee for Asian companies to be involved in the case of successful ALDP monies coming our way.
This would explain the lack of any news as everybody simply awaits June.


3,
The ALDP confidentiality clauses are so tight that management is not at liberty to share progress with the market.
ALDP would have delayed DFT completion as the entire progam was aligned to the ALDP.

No Monash money yet as it not as yet needed.
Management would maintain the option to draw on that money when they need additional funds.




The forth option would be that all is lost and share price will decline from here on forward.
All progress regarding DFT, K-coal, RFP submission and continuous interest from Monash contradict such notion.



For me personally it is merely a matter of when to expect news, prior to June or after.