is the $6m cap raising real?, page-76

Bit quiet on the ESI thread today! Guess it is Saturday :)

I like the point that was raised by obe wan regarding the implementation of a couple of different technologies in LY for risk management purposes and to maximize opportunity and chances of success. Obviously the Govt and other industry head huncho's have learnt their lesson from backing solely one company to a major degree and putting all their eggs in one basket if you like. Ramifications being that we see delay after delay and even cancellations of projects all together (see the most recent withdrawal of funding by Govt for HRL). I find the timing of that interesting given the 90mil grant for brown coal, carbon tax and this withdrawal of funding- Im sorry but you don't get those sorts of coincidences for nothing. And this is only 1/10 of all the coincidences that Amazed has rightly listed in past posts. Now After adapting different companies' approaches and not just 1 or 2 they will then be able up assess which one has worked better and that's where Coldry I think will stand out and we will scale up production to a much larger plant after the initial plants with further assistance from Govt. Fact of the matter is all of the above occurring successfully is huge enough for a big SP gain Let alone Matmor and the international interest shown for both Matmor and Coldry. In my experience of investing it is often the companies that are labelled and flagged as a useless dog of a company that are often the ones who surprise everybody and pop out of the woodwork with massive good news when people least expect it. Some of my best returns over the yrs have been riding these so called 'dog companies'. There have been some posts here lately to the extent of I'll buy in only when I get confirmation of funding or when DFT has been completely successfully. That's all very well to say that but I think you'll need to be prepared to pay a lot more than 1.5c a share to get back in. Its a risk reward ratio! My hope is the price will be a lot higher than 6 or 7cents when DFT is announced but of course I'd say that and we all know what we expect to happen and what does happen In reality are 2 different things. How about 14cents? Haha. Most times that Ive spoken to management they've re affirmed the progress they have made on DFT and it doesn't sound like there's been many issues. In fact quite the opposite- I think it's been firing ahead very successfully. I know there are nervous nellies regarding the funding and deposit we are still waiting on from Monash but I'm convinced that management would've announced if they were being boy Cotted and also they wouldn't have made the 500k placement. Another theory to consider is that management might be realising what's in store here in terms of capital growth and future developments and might be re considering whether issuing 300mil shares is such a good idea when they will be worth 30million at 10cents and 60million at 20cents. The new management team have shown time and time again that they are conscious of share holder value and satisfaction/loyalty (one example of how this is shown is through the very detailed quarterly updates and other updates that have been released). For all we know they could be trying to secure funding without issuing shares or perhaps so much interest has been shown that they might not need the money. Perhaps costs associated with DFT are lower than anticipated and previous stages incurred most of cost? All will be proven right or wrong in time but I really don't think this is going to end badly. I was told that the Monash deposit was no 1 on their priority list and that my request for update would be passed onto the board. They said at the present time they can't comment on the transaction and that an ASX announcement will be released "in due course" - in due course? Go figure. We cant be far off.

In the months to come with successful developments to come insto's will be scrambling to buy at 8c IMO so 1.5c is beyond a bargain in my eyes- its a steal!