Estimates on outcome, page-8

IMHO, I believe that ECT are carefully planning the execution of the announcement(s) in line with the recent release of the marketing materials. I believe that the strategic review being done by PR will result in careful consideration of the timing of the announcement(s) as this will have an impact on SP and will then determine exercising of 2.0B OpA&B’s with a value over $23M.. I believe a SP of about $0.05c post 1^st announcement will trigger massive exercising of Opts. This will trigger a vote for consolidation of shares of around 20:1 at the Nov AGM.. which will give a price of $1 post consolidation based on pre consolidation price of $0.05c. The push back of the AGM to Nov, is planned around things that need to be voted on, Consolidation being the big one..

Once consolidation completed, then marketing goes into full swing to Big end of town with further announcements that will contain full detailed Plans for the Coldry Commercialisation Demo Plant(CDP) and then Matmor Pilot Plant closely following..

Once the OptA&B’s are exercised, then the funding is available to build the CDP and Matmor Pilot.

Some here believe that NLC/NMDC are funding the CDP.. I don’t believe they are.. Initial funding to develop the DEMO plant in full or part, has to be carried out by ECT to prove Commercialisation.. once proved then this can then be sold back to NLC/NMDC.. I can’t see these PSU’s putting up the funds for a DEMO.. But if Proven then the Agreements that will be in place will, in my belief contain the purchase and ongoing maint of the Demo and post Demo into production Plants for Coldry, then eventually Matmor.

I have always stated, that once ECT becomes a Cash flow company rather than an R&D, that’s when the SP will start to represent value.
Lots of risk in all this, and as stated, not one for the faint hearted. Personally, I believe in the Tech. and am gambling big time on the Matmor outcome. India is the spring board!

As a long termer, I still hold and have recently sold some and purchased more both personally and for my SMSF. Is that wise? Time will tell.. I continue to watch with interest the ups and downs going on and sneek a purchase in on the lows… patience is a virtue I am told..
GLTA
Cheers