agm meeting , page-5

Hi Guys

For several years I've kept ERJ in view out of the corner of my eye, as it were. With the SP now about the 1c mark, it may be worth a punt.

However, I'm confused. On 20/4 they said they had 'installed' the third Opcon unit at Carnarvon. Today they said the installation was "progressing" after a delay. What is happening?

Some time ago they spoke of $12.8M in bonds to fund the purchase of power units. Now, in the recent investor presnation on page 5 they mention $6.25 of zero coupn bonds to fund early instalation. I could find nothing indicating a scale back - but maybe I did not understand the details ofthe original deal (quite likely)

Finally, are they being too precious wanting to own and onsell electricity, rather than rent of sell?

Could be reasonable balue at 1c, a few matters to be cleared up. (I've gone back over posts for the last few days - thanks for the info.)