Seems there is a bit of an issue now.
ECT announced that the funds for the May 2023 Installation and Commissioning works were coming from the last placement;
"Funds raised under the Share Placement will be applied as follows:$3.5m to fund ECT’s obligations under the JVA, being the installation of the pyrolysis kiln and site preparation for the turbine, formic acid process and Hydrogen Hub;$1.2m for general working capital; and$0.30m in capital raising costs."
Now this appears in the presentation;
Three weeks to May 2023 and the big installation/commissioning that is meant to show that ECT isn't just a lot of brown coal smoke........
Ann: COLDry opportunities supported by Directors, page-8
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