starting to wonder which is best, page-50

come on carl.

all friendly banter aside, we both know that loy yang's future plans for using brown coal upgrade technology are very important for both mnm holders, and esi holders.

mnm because we are loy yangs next door neighbours (that's what those little bits of paper called 'exploration licences' mean carl). now this cosy situation is clearly by MNM/exergen design - why else did MNM call those infill tenements that take us to the gate of LY 'strategic'?

What 'strategy' could be unfolding by these steps I wonder carl?

the fact that an exergen director is loy yang's coal tech advisor is, understandably, very interesting to mnm holders as exergen are, as you know, MNM's key business partner in brown coal matters.

AGL's plans for loy yang are crucial to ESI because the entire ESI business model seems to be contingent on AGL letting ESI build the proposed $70 milion demo module at loy yang, and hooking the thing up to the ly power station to get the waste heat.

I wonder if a phone call might yield some clues on whether AGL are thinking 'coldry', or 'exergen' or, perish the thought, neither?

what do you think carl? should you call them or me?

'General Enquiries: Loy Yang Power Management Pty Ltd

Telephone: +61 3 5173 2000
Facsimile: +61 3 5173 2038'