Ann: ALDP Outcome and Fast Tracking India , page-84

I hope their round table discussions in the ECT bunker today was an opportunity for some productive reflection on the years (not year) gone by.

There have been so many started MOU's and LOI's from Korea to Vietnam to Poland to Monash to ALDP to India and I'm sure some that I've overlooked.

They have burnt so much cash, been through much dilution, and probably received around $10M in R&D from the govt anyhow (can't understand why not give them another $20M upfront).

At the end of all the cash burn and dilution we at least have:
(a) the patents in many countries ; and
(b) a paid for "construction-ready" set of plans (Coldry costed design footprint);and
(C) strong partners in ARUP and McConnell Dowell etc

Ashley and the board had the right idea in pursuing all lines of opportunity including the public sector ALDP tender.

What we need to see from mgmt is announcements confirming binding finance agreements with Lind, binding agreements with Yes bank and concrete confirmation of construction start in India.