It is likely the presentation will be a copy or a rehash of what has been released previously.
So rather than getting all misty-eyed and rah rah'ed with excitement we should be asking the following pointed questions:
1. Why has clearance of the tripartite agreement been delayed given the announcement "the Company confirms it is nearing conclusion of the Indian National Government clearance process ahead the planned execution of a tripartite collaboration agreement " of 19 August 2015 notwithstanding this "ratification" was a mere formality for foreign entities?
2. Given that Coldry and Matmore are supposedly unique processes that have "theoretically" demonstrated considerable savings in power generation and steel/metals production why after almost a decade ECT has yet to secure any shareholder profit generating deals?
3. Since ECT has not been able to secure a profit generating deal thus far what other similar technologies (under differing patents) have loomed up and/or surpassed ECT and are these technologies already in ECT's potential markets?
4. What is now the revised and more realistic timeframe for ECT in India?
5. What has happened outside India with respect to ECT progressing to some profit making deals from other avenues and are there any timeframes?
6. How has ECT used "strategic" partners in India in order to secure finalisation and government ratification of the tripartite agreement?
7. What is the risk that India does not proceed therefore where to next re: getting to some other market and what are the likely the financial impact/stresses on ECT?
8. When will ECT ultimately make a profit for shareholders?
9. K-Coal update?
More to come at the AGM.
Sentiment: Hopefully the previous years of AGMs prepared for feeding the chooks are behind us.
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