long term financing, page-2

Hi Dolphin

I feel the recent placement was all about getting back on the financial track that fully exercised options in December would have created.

With the funds now at hand, the company could hunker down and tread water for quite a few years if it had to ... but company announcements and now Suanna's photos show this doesn't appear to the company's strategy (thank goodness lol).

The funds from exercised options and the recent placement are probably committed to paying for gas clean up equipment and site development for the trial burn.

I would think that CXY management would be driven to explore funding from more than just DI and i would think DI would have no issue taking a lesser stake in current market conditions.

I would also imagine that different funding partners would be sought for Victoria and in the longer term, Wandoan and that any project funding would be staged around hitting targets ... as targets are hit the sp should rise (all things being equal) and funding can be at or close to that higher rate.

It is good at this time to have a simple, practical commercialisation option for ucg in power generation and it is flattering (imo) that the two other ucg players with more complicated stated commercialisation options in CTL and fertilisers are now talking up their electricity production credentials.

Cheers
Dex