options expiring/ extension, page-77

Extension on ESIO.....no need IMHO, I don't hold tails, but IMO those nightmares of expiry will not come through....ALDP...personally I can't wait till that gag time is dusted; I want to see what under those covers....personally I'm half expecting a tie up with another front runner for ALDP funds to ignite that share price...lets just let that play..

ECT Ann's, presos etc -

August 1st - India -

In the context of ECT, it has a two-fold implication;

1) Thermal power generation – black coal power stations

2) Value added applications;

Coal to oil
Coal to gas
Metallurgical coal substitute..hmm
Fertilisers

Coldry is a ‘gateway’ process to the above and has been SUCCESSFULLY TESTED on lignite from India’s Neyveli Lignite Corporation(NLC).

This is like a quick page turner....suprise on the other side hey -

"Earlier this year NLC commenced a program aimed at developing options around the upgrading and advanced utilisation of their resource.

ECT has "developed a proposal, currently under consideration by NLC" , to demonstrate Coldry at their facility, located near Chennai.....isnt Chennai the capital of the indian state of Tamil Nadu...isn't hat where NLC have 3 mine mouth , waste heat providing power plants....the same area where NLC are looking to triple power capacity???

Then we have on the 20th of August

As flagged in our ASX announcement on the 1st of August 2013, -

"progress toward Coldry deployment in India is gaining momentum and will benefit from the 'COMPLETED' engineering work on two fronts:

1) Local deployment:

India has significant lignite reserves in Tamil Nadu, and in Gujarat & Rajahstan
ECT are in discussions with Neyveli Lignite Corporation to demonstrate Coldry
"Developed a proposal" to...."ECT are in discussions with NLC" to the rush for IFC 'issue of construction by the end of August' 'facility located near Chennai'.....il leave that to your own imagination

India... Massive power demand, massive steel demand ; power plants are anchored to mine mouth due to lignites travel sickness...they import black coal to areas where lignite can not travel.. $130 billion has been ploughed into the Indian power industry in the past five years to try to feed the power requirement ;Power, so vital for growth, is India's biggest bottleneck.

Coldry product, produced at waste heat and feed stock mine mouth power plants can travel... $130 billion over the last five years but still the requirement to import??? Well I've been involved in the procurement of material for Australian projects from India, Thailand, China over the last few years, 25%+ savings were easily achievable 5-6 years ago with product landed in Australia from these markets...that has reduced to about 12-15% now as these overseas suppliers can increase supply and still maintain their order books albeit decreased demand from the peak...subtract the shipping cost, add in those cheaper labour, material, plant costs for construction within India as opposed to Australia..well IMO those 25% savings are the absolute minimum that you would expect.. More like 50%+ IMHO

"Developed a proposal, successfully tested, in discussions, facility located near Chennai."

Draw your own conclusions...ESIO expiry....not likely. Whose snapping up those oppies?? Not the average hotcopper worrier IMHO

Tick tock