esi being backed confidently by their csi, page-7

I keep going back to the pesce post from late last week....Hope you don't mind pesce?


Points put forward to Adam:

- The $4 million is part of a bigger package of funds that Monash is trying to organise through several financiers

- If this procedure fails by the 26th July then Monash will buy $6 million worth of shares from their own funds to ensure the DFT can go ahead


Answers from Adam Giles this morning and posted with permission:

Point 1 – very close paraphrasing. Monash has been pulling together a funding package totalling a couple of billion Euros. This is intended to support their companywide investment activities, of which ECT is a small part. The process of packaging this ‘wholesale’ finance has been slower than expected due to the state of the financial markets in Europe.Regardless, it is progressing. Monash have stated their desire to underwrite the Coldry commercial demonstration plant. The exact dollar figure will be refined following the DFT and subsequent tender responses late this year. Funding for the Matmor pilot plant has also been earmarked.ECT would prefer to get this first transaction under our belt before getting down to detail on Matmor. The amount and timing of Matmor funding will be the subject of a future announcement.

Point 2 – Essentially, yes. Those funds will likely just be the very same funds we’re currently anticipating, but can also come from other sources in their business.

Regards,Adam

I find the following interesting.

"but can also come from other sources in their business"

Certainly many reputations are at stake in the near future.......As far as sackings go, that's a bit much for mine as it's a speccie with little leverage but i would love to see for myself what documents were sighted by ESI.

I readily accept that Adam and co are certainly of the belief that a couple of billion euros are the target.......So it becomes quite polarising in effect, you believe that at least $4m is coming our way or you don't.

The share price for mine currently reflects that many have downsized their holdings for the sake of safety, fair enough because the risk has increased dramatically from expectations not being met......That for mine is a coiled spring.