Ann: Cleansing Statement, page-5

Crunch time is "imminent". Full. Stop.

1/ Coldry either scales up successfully ....or not. If not - game over for ECT lignite (& the LV resource imo) as all their other techs are dependent on Coldry. ECT has external engineers as well as their own including Ashley. They will be the ultimate decision makers. Naturally there is going to be tweaking on going if the decision is Yes. IMO - because it's modular with 13+years of pilot tweaking history, the scale up will be deemed successful.

2/ Govt grant. Fortunately, Deloitte's are handling it & my last post highlighted their bullish view on hydrogen. IMO, if Govt/private/listed industry wants to utilise the world class LV resource for anything significant like hydrogen, fertilizer, anything - Coldry is their only shot.

All the other significant lignite drying contenders are dead & buried. Remember Exergen/CEA? Gone, history with their big name backers. Their bitter ex shareholders/staffers still post here hoping ECT fails - some more regularly than others. ECT is the last man standing.

ECT fulfil all the Government criteria IMO as outlined in a previous post - and now have land ownership (with built in EPA fit for purpose approvals).... directly next door to consortium partner Yallourn/EnergyAustralia who are themselves basing their own survival on going 100% hydrogen. If Govt/industry deems Coldry economic - ECT is way ahead of the rest....ready to go immediately. Huge positive.

IMO ECT will get $70m. $ for $ is not an issue as the Consortium partners like Energy Australia, PAG etc can find that easily. The real issue is - is Coldry economic? If it is - is it marginal? If the economics line up - raising the $240m for the plant will be straight forward IMO. An Interesting March it will be. All the above imo.
tick tock...