Just came back from some fine food and wine and I thought I would catch up on the latest posts.
Gotta give it to you ..you are informed and so is F111 ..great to see...albeit sometimes all of us will agree to disagree on how the sausages look and taste when they come out of the squeezer! Constructive Communication!
Look, I am a new boy on the block with this stock and HC...I have done TOO MUCH research on this TECHNOLOGY and not as much on the Stock,although more than most posters I can assure you all.
I spend most of my day transacting distressed stock to turn a profit..real physical stock.touch feel stuff,..not shares.
So really this is just a bit of a try and see for me into the viability of trading shares for some superann..well it's very interesting indeed...Bit like "Master Chef" ..we are the judges and the contestants are the stocks! They can all cook but can they master the Art to make it work for themselves and the Judges.
As I said before, ESI and others are in the race to be first with ,basically ,coal drying..which has been around for ages and ages..for a VIABLE COMMERCIAL LARGE SCALE PRODUCTION PLANT!!
If ESI wins the race they will have the lions share of the biz.. If their Tech is not up to scratch then they are stuffed asd well as their share holders. It's the same with the other start ups in this game..swim or sink..first in best dressed...commercial reality!!
I took a punt on ESI..I have a long list of other stocks worldwide and I thought this would be the best horse to back after looking at the where the others were in their developments progress..IP or otherwise.
We are talking about sub 10c AUS$ stocks here !!!Sure WEC is over $2 but where are they in the race to be valued so highly against all the upstarts???
Anyway:
2 guys onsite visit..good on you at least you have had been fed some spin..Good reporting.. Yes,the PILOT plant is the one promoted as being constructed in LV..always has been mooted but not signed of on as the definative position.
The full scale Commercial (IMO) plant will not be built in Australia.
reasons: 1. Lack of Local funding
2. Too costly/difficult to Export to make it viable
3. Power Plants in LV in a big spot of Bother financially
4. Aus politics (State and Federal)make a lot of noise but really have no money to chuck into this sort of stuff at the moment...Nuclear is easier for the Poli's (ask Garrett)
5. Vietnamese want ot build their own ECT fully commercialised plant in Vietnam not AUS ..ask Cos?? I am not talking about the Pilot Plant here.
6. Cos wants to sell off the fully viable proven commercial process IP and plant design for a price + Royalty,..only way to go, as I and F111 said so before ..but it must work. This was reported by our intrepid posters direct from the meeting tonight ..go Guys!! good on you..just sort out the bulldust from reality..ask pertinent questions!!
7. IMO..ESI should not spend any shareholder money underwriting a full blown plant in AUS...do the Pilot ..prove up the LS tech, run plant 24/7 over 2 yrs ,export the noodles to cover costs . The real money is selling the licenses worldwide.
8. I get very jittery when I hear about Ukraine plays even mentioned by ESI.. Stick with Vietnam/Indo/India/Thailand/China.. with a leash in tow..remember RIO last few weeks.
In short this is good tech if it works LS..if not then Sayonara Baby! My gut feel is that it will work ..thats why I have stuck some money into it and above 8c.I am not ramping but am prepared to blow some dough if I am wrong. If I am right, I will add to my super.
If the Management knows their stuff they could pull it off but if they are incompetant..we are stuffed as shareholders
BTW guys..I do know engineering processes..Electrical/Mechanical/Chemical..having most of my misspent youth stuck in various labs in Chippendale and Carslaw building.
Disregard the spelling glitches and grammar...the wine did it!! And all the above comments are under the influence of some great red wine.
Good night posters good to see lots of feedback and movement
ESI Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
(20min delay)