2015 the year of ESI

2015 the year of the goat and i believe the year of ESI. We are close to finally moving to commercialise the Coldry tech after many years of failures to launch. Finally after years of trying this company is close to a 3 way tie up with 2 Indian Government Public Sector Undertakings. As stated in today's announcement ESI are one of the first Aus companies to reach this point in discussions with not only 1 but 2 Indian PSU's. Many are frustrated with the delays but as stated in today's news the 3 parties are focused on getting the deal right rather then just getting a deal done. Yes this may be frustrating for shareholders who have been to hell and back over the years especially after the ALDP failure but we are dealing with 2 huge companies and working on a tie up for not just Coldry but Matmor as well earlier then many expected in the time frame.

Since ALDP failure the board has done an amazing job to turn our focus quickly to a move into India firstly with NLC with Coldry but to then tie in NMDC and achieve a positive outcome for holders in the full purchase of Matmor and its earlier development shows they are focused on delivering for shareholders. After ALDP failure who would have thought not only were we going to move into India with Coldry but also move Matmor development at the same time with 2 massive Indian govt companies. Well we are close and i do not believe that the board would announce this lightly today that they are close and i believe that by stating negotiations of a tripartite agreement are close means we are close. Since past failures the board have gone about not blowing trumpets like the past just working towards the goal in India and unlike the past where we saw all talk by ESI we have seen talk by these massive Indian govt companies at their AGM chairman's report and within their published annual reports. So today we are told by ESI that we are close to concluding discussions and if this was not the case i don't believe ESI would jeopardise their position in discussions with these parties after all this time working with these parties towards that "right deal".

Today's announcement also we also get some info on Thermax and the work being done with them developing enhanced efficiency heat exchange systems to take advantage of available waste heat energy sources. Another big Indian company working with us to move forward on the development of Coldry via their world renowned specialising in the area of Heat Pumps. Also Thermax working towards integrating engineering activities to adapt the standard Coldry configuration to include the additional raw material needed to support production of composite pellets required to feed the Matmor process. All sounds like its full steam ahead in India by all parties to get this moving and ready as soon as this tripartite collaboration is agreed to soon.

Looks like 2015 is shaping up as the year that ESI finally after years of trying finally find the right partners in the right place at the right time. Many still have doubts but i have seen it time and time again where a turn will come swift and hard and the doubters will be left behind wondering why they did not read them announcements properly and believe that finally a company can put the past behind and finally deliver. Some say the depth and buying suggests nothing. Did PSY while sitting at .004 suggest anything before its massive turnaround. Just like the Chinese goat whos's personality is calm, creative, persevering, frank and honest ESI has moved in the very same direction with a persevering, thoughtful, calm, and honest approach in moving forward with their Indian plans with the right partners working towards the "right deal" and it is close. Soon many will be sorry they put ESI in the dog basket without opening their eyes to the opportunity that is opening up in India for this little ASX company.