what to look forward to in 2012, page-10

Bell Potter now say :

"We believe that the technology works, but the commercial application of the technology is yet to be proven."

WEC had the "early mover advantage" - together with a great management/director team that held major share holdings. The "clean coal" dream got the instos investing BIG...however the TECH didnt prove.

WEC had a mcap of $1200 mill - interestingly based on a thermal coal price of about $70 (presently about $120) - WEC had nothing.

Anyway - putting it all together - assuming DFT Stage 1 is completed successfully as we logically expect (something left of field before?) - ECT present mcap of $7m has to be heading more towards the WEC one time mcap of $1200m

Tell me - how did WEC have a mcap of $1200 million when they had zip...and the thermal coal price was about $70 as opposed to the $120 now...

If the tech was proven - their WEC mcap could theoretically be double the $1200 million....$2400 million

The above shows the insto "eagerness" to invest in something they "believe in" clean coal - and drive it to "crazy" evaluations.

I'm looking at it this way:

* WEC have strong directors/management - weak tech

* ECT have strong directors/management - strong tech

New ECT Directors have kicked some major goals in their 5 mths...

Interesting Jan!