4.0c

Doubt is a funny thing..

So is the sentiment of a market in turmoil.

How many cringed just a little when they read the words ''on track'' in a market that has been a spiraling roller coaster ride of late....especially considering the current small cap sentiment.

It caused me to write a number of emails and 6 long phone calls.

The first 4 to similar sized holders and the last 2 to the co.

I spent from 3pm till 7pm on ect phone calls.

IMO.

The ''INDIAN PACIFIC'' is ''on track.'' and continues to build a head of steam.

The last sentence of today's announcements, state this.

''Track'' infers an unknown distance, but ON..infers that;

There have been no derailments associated with the market's credit paradigm realignment.

Yes,,, it seems a little strange that a strog vote at the egm for the Pacific funding deal as not followed fairly closely by an initial 500k draw down..

But the weeks following the egm were more than a little strange.

It was truly fortunate for ECT that the train was on the tracks and was in an extremely hospitable station gaining 4 significant fully loaded freight carriages at a time when earth quakes were effecting most freight distribution centres.

ECT ironically, has never been in better shape.

Most tracks of late have inferred a roller coaster.

Perhaps whistle stop updates will assure ECT share holders from time to time that they are involved with a goods train that only stops to pick up more laden freight cars, and is not a roller coaster.

Certainly, the board reflect anything BUT an amusement park side show, the likes of many a co in this sub 100 mil mkt cap environment.

An environment not suited to ect.