hrl grant axed by govts, page-41

Shareholders are told that Ash's recent trip to India was not NLC related.

Naturally that is the case, otherwise market sensitive information would be revealed in a private conversation and qualify as insider trading.



Fact is that a visit at NLC headquarters would have been very likely since the trip coincided with NLC's internal deadline to reach a conclusion about techs to be implemented in their pipeline.




Interesting play with the options lately, large buy and sell bids come and go leaving the sell side very thin at close with basically hardly any options to for sale below the mid 1's.



Many had interpreted the arrival of NLC for alternative funding and module construction for our CDP as the replacement or backup plan for the ALDP initiative.

Since we are much more advanced in negotiations in Vic, I still believe that NLC is a backup plan turning into a parallel development of equal importance.



Market reaction to news regarding ALDP were always expected to be massive, but possible news from both fronts would send ESI into an even more extensive rally.




Tom Arup's recent choice of words truly raises some eyebrows amongst long term sufferers in the ECT camp.
Imminent would mean by next week which would coincide with our AGM.
Not the first time to see last minute sensitive news days prior to the AGM.