on the rise , page-49

Cheers D85

Patents

I think the new ECT management have taken decisive steps in getting and/or finalising patents for Coldry worldwide. It can only be seen as a positive for mine.

In relation to Canada specifically, I believe they have about 7 billion tonnes of lignite, so in comparison to what can occur in Vic - it is small fry, but it is another potential market for Coldry.

Monash Funding

In a word - farcical. It was from day one when questions were raised as to who was this Monash, why phones were on answering machines, where was the website, etc. and the farce hasn't changed 8 months later.

I, as all know, was certain the $4 mill would happen - it was such a good share and option package at the time, it was a no brainer - alas it didn't.

I would think that even the ECT management are quite embarassed by the (non)situation with Monash. Does any Director of a publicly listed company want to stand up and ann something that doesn't eventuate - of course not.

Obviously, the 29/11/12 is D Day one way or the other. If ECT management extend to Monash a further deadline for funding - well that will rattle even the hardest BOBs faith in ESI methinks.

Posponed AGM

I have 2 views here (one the BOBs will like and the other they wont).

1) BOBs like:

ECT management do actually have a consortium of interested parties that are working together to provide an ongoing funding deal that will not only provide for completion of DFT, but also the Coldry demo and Matmor development in its entirety.

ECT will also advise that the MOU with AGL/LY has progressed to a legally binding MOU and that AGL have allocated a designated area for the Coldry demo and that a JV will formalised once Coldry proven to commercial scale.

Additionally, once this JV formalised, AGL will use it's 7 billion tonne BC to "Coldryise" it to shandy it's LY boilers and commence some form of BCE offtake agreement out of LV.

2) BOBs dislike:

ECT management couldn't face the SHs on the 16th to advise that Monash funding was still being co-ordinated and nothing definitive agreed after stating they had viewed a Monash funding timeline on the 9/10/12. Too many questions and too many angry SHs to deal with.

So they have delayed the AGM for as long as they could hoping that the extra 2 weeks will give them the breathing room to get something sorted whether with Monash, GW or other parties.

I also believe in this scenario that the ann was worded in such a way to create interest and discussion (SP's 100+ TU's post would get a lot of views and attention) to create possible buying interest.

It is possible that Monash are unable to release funds at the $6 mill (or $5.5 left to fulfill) for 2c unless the SP is at 2c minimum - that just makes logical sense.

Therefore, the ann which could be construed to be very positive may be creating enough speculation to get the SP moving north to get the Monash funds over the line.

Just my thoughts D85.

Cheers K