top strategic move by top team, page-42

Foz,

I think your a little harsh here. You have told some of us several times in recent years there will be bumps in the road to commercialising Coldry.

Its all well and good to say this "should" have been done 3 years ago (maybe one year is more realistic) - I dont see the point in focussing on the past to this degree.

Fact is ECT have got about 10 large scale burns happening short term.

"Any potential sales of coal supplies (or coal beneficiating equipment) involves substantial test burns. That's a fact."

As you say above - ECT are NOW about to perform "substantial test burns". Why be so negative on ECT now when they are finally doing what we want?

Ive never promoted ECT personel as superstars. Fact is they wont even return my emails because they obviously see me as too critical!

But I do realise they are now moving forward with defining test burns.

Assuming the test burns are positive, and assuming the first burn is LYP - what impact do you see on the sp?

My calculations say a 500 tonne sample should be ready every 1.4 weeks or so. That means, now that the plant has "achieved steady-state production" - a burn could be in place very soon.

You "did" work for Intersuisse who "were" ECT's finance advisers.

Late last year you said:

"Deliver a deal and shareholders wont be worried about the forms of funding."

As you say - test burns are a significant step forward to sales deals...hence Tincom/customers will have greater confidence.

Isn't this a reason to be more positive - especially considering the lack of ASX ann info of the last 3 mths?

I think its reasonable to ask why you are so negative now that you no longer work at/promote Intersuisse... and are willing to expend so much time posting on the negatives - when you acknowledge ECT are now finally kicking goals?