days ahead..tick tock...

12/10

"As at the date of writing this report, Monash has not delivered any further settlement monies however it has provided an indicative timetable to commence the delivery of outstanding monies. This was contained in a letter dated 9th October 2012. Further announcements will be made on this topic in due course."...

"The Year Ahead...

Assembling a consortium of companies, each with a lignite value-adding technology, to successfully tender for large coal allocations within the Latrobe Valley."


12/11

"is engaged in confidential and as yet incomplete negotiations with a number of parties regarding funding of, and participation in ECT’s Coldry Commercial Demonstration Plant (CDP) project. Whilst the Company will make an announcement to the ASX as soon as these negotiations come to a firm conclusion...

The Board considers it important that shareholders have the opportunity to receive and review the announcement on these potentially significant developments prior to the Company’s AGM and have postponed the date of the meeting accordingly."

Repetition for emphasis in quoting the above recent ann's (time to get back to basics with some of the downrumping dribble posted) - but the fact is ASX ann's state ECT's future is about Monash and initially funding the demo via "a number of parties" leading to a "consortium...to successfully tender for large coal allocations".

Given the sp ran to 3.9c (and likely would have moved higher had the $$ been delivered) on the proposed Monash 1.3c deal...the market clearly wanted to deliver a massive sp premium - factoring in the Monash offer to project finance the plant(s)? Usually a 1.3c placement would mean the sp would hover around those levels hoping for value to be created from those funds. But obviously in this case - the market perceived Monash were here to stay and finance plant(s).

Things have delayed but...have they changed?

So here we are with a rising sp, an "indicative timetable to commence the Monash delivery" at 2.0c...and the left field multiple party demo plant "funding/participation" producing a "firm conclusion" ann in just days.

For ESI to be sub 2c by xmas I reckon all the quoted ann's above would have to fail bigtime. Do you reallllly think that is going to occur?

Anyway - first things first. The long expected Monash $$ have NOT appeared as of now....and as for the imminent potential left field plant funding bonanza ann - imo its short term sp multiple stuff underpinning long term potential dividends.

Maybe we are about to witness a caterpillar to butterfly metamorphosis process kicking off...finally.

ps...SP3 - interesting to see the TU for your AGM webcast proposal...100 so far - shows there is significant interest here on HC.

tick tock...