please help me understand something, page-17

So many questions being asked here on an anonymous chat room. I suggest anyone who seriously has these kinds of questions that has invested their hard earned $$ into ESI or any stock for that matter should either contact the company to address the issues that they have and with an AGM just around the corner make the effort to go along to the AGM and address their concerns to the board at the AGM. I find it increasingly weird that some people continue to pose question on stocks they supposedly hold and are very concerned about but don't contact the company to address their issues but rather vent here. Also i find it even more weird when people say they have invested in a stock and then are too busy or cant make it to the AGM to ask questions and get a feel of what the company is saying right there face to face rather then ask anonymous people on a chat room. Yes a chat room is great to throw ideas around and get what info is possible but real concerns and questions are best left for the company to answer. If one has invested in a company they should do some ground work and chat to the company and mainly get along to AGM's. It is one of my trading rules to do so.

I today attended the MNM AGM and they are feeling the same pressure and frustration around ALDP and government delays in both it and possible S7 allocation and coal license applications. They believed that it was a real possibility that we could get news prior to years end on this and s7 tenders to open up by years end so a lead up would be ALDP successful candidates. They believed that the government would release all in a flow with ALDP linked to s7 allocation and winners of ALDP to be a big chance with allocation especially those who do not have a a coal resource of their own getting possible preferential treatment in s7 allocation. Yes the frustration here due to ALDP delays id starting to get to people but the likes on MNM and Exergen are all in the same boat according to MNM board members today. Exergen after coming out with a bang about raising 100 mill and having big backers like Tata are just like ESI, gone into their shell awaiting government to flick that switch. The government has directed these companies to sit tight and await. This has in turn i believe caused funders to await the ALDP decision. Speaking to MNM board members they are also open to working with any coal upgrading tech including the like of ESI at some stage as with their JV with Exergen.

Sp3 i believe you have hit the nail on the head here. Monash 6 mill is not the game here. I believe its Jerry Maguire show me the money for CDP before we will take your 6 mill CSI funding. Maybe back then before DFT completion yes but after Arup bond was introduced and paid for engineering work the need for Monash as a CSI will only be a done deal if CDP funding is delivered. This is what the continual they are still working on funding is in my opinion referring to not the 6 mill. If the 6 mill was to be delivered at any time moving forward i believe it would indicate that the government is about to push that trigger and Monash and any other funding has moved forward. As with Exergen and their backer all parties on all sides i believe are all sitting on the fence awaiting ALDP go ahead. When the flood gate opens via the government, news will flow so quick on so many fronts. The frustration is getting harder for many to cope with but as Ash said in his last interview update patience will be rewarded. How many are losing their patience and how many will miss the boat due to it.