Massive Breakout Looms, page-104

Left field news on Friday. This is only going to add value to the company. Whilst India is no doubt still the main game, there is potential for the 'double-bang' for ya buck effect IMO.

I agree with Samwise in everything he posted about projects in Australia and how behind this country is in the Technoloical side of things even though we are '1st world' !!!! But the door has opened again here, and is less risky for ESI as CEA will be the ones trying to get the funding for this huge project here in Victoria.

This could end up being the perfect case scenario for ESI and all its shareholders despite the bad news we had 18 months on ALDP. Taking advantage of all the benefits dealing with NLC, NMDC and cheap costs in India, as well as playing a major role here in Victoria without having to stump large amounts of cash which can be risky.

We have TWO world class technologies. Well done to the board on their perseverance. The job however is not finished, we are only witnessing the very beginning of a new and rewarding journey IMO.

ps: One of the other ALDP winners, Ignite energy resources have just signed $30mil investment with a large Indonesian company. Didnt ESI mention Indonesia in fridays announcement?? Things are heating up. Is there a timeframe in which the three ALDP winners must show the Government their funding commitments towards their project???
I will not be selling my shares short with this 'double bang effect' potential outcome.


27th May 2015
Breaking News
Ignite Energy Resources Ltd (IER) Signed A$30M Investment With PT Bukit Asam (PTBA)
Dear shareholder,
We are pleased to announce that we have signed a A$30M investment with PT Bukit Asam (PTBA), one of the largest and most profitable coal companies in Indonesia. PTBA’s investment is into our subsidiary, Ignite Resource Pty Ltd (IRPL), and will contribute to the financing of IRPL’s A$84M project under the Advance Lignite Demonstration Program (ALDP).

http://www.igniteer.com/ier-updates/255-ier-signs-a30m-investment-with-pt-bukit-asam.html


ALL imo. DYOR