registered coldry entities, page-6

Hi Aaronr,SP3,

On the road ATM so need to be brief for now.

Haven't sold a single share and have increased substantially since last posting. Been busy working to establish JV's (small scale for now) in both India and Vietnam and having seen first hand the pace of development and energy demand, I'm genuinely excited about the future prospects for ESI.

Thoroughly enjoyed our discussions at the time and hope to post more often time permitting. Good to see some quality posts in recent times.

The countries ESI are targeting will not reduce carbon emissions at the expense of growth, as they have stated to western powers they are happy to do so but you need to "help us!" No doubt ESI has heard their calling. The fact that Coldry has the added benefit of reducing emissions acts as a hedge should international pressure become to intense to ignore any action on their part. However, developed nations must lead first which would explain Rudds enthusiasm to push through an ETS.

Cheers for now

RBA