hi rupertnice to briefly meet you at agm - just back as we...

hi rupert

nice to briefly meet you at agm - just back as we speak

i havent read any asx announcements - will do tomorrow

sp3 to correct you briefly - 2010 = profitable not income.
150k tonne pa = $2 mil profit p.a.

and in addition to what you have said, i took some notes (and excuse the grammar as i've had a few with some of the esi shareholders et al)

Extra info:

Mid 2009 = IP buyout - Calleja was present to hear the same.

Agree, kos 90% sure not much dilution to come. i would support it if need be anyway.

B'ness model not on govt funding but state is more than awareand fed govt acknowledges esi - but esi's b'ness model EXCLUDES Gov funding - it will be a likely bonus

Vic capital should be sealed month end - PS this is when investment coverage can start in earnest....

the problem for esi is choosing WHICH DEAL to seal first (limited resources); many many requests for equity investment into SPV for exclusive rights for coldry

with PPV intent to create many all over the world (as i have iterated before on HC) - minimal dilution with equity investment and debt - also a natural takeover defence.

In addition to $20m Vic capital = ~$50mil tonne p.a. in "qualified prospects" ie not cold callers(!)/spivs/whatever... but deal that should likely be done (6/7 coys) - others eager.

indirect route to market - no spv's w/o esi being profitable

esi's water capture ie 2 tonne = 1 tonne coal plus 1000L water could supply 5% of melb water needs - 150k tonne plant only!

esi water "0 carbon water" less footprint than de-sal
could charge $1 per L?

upscale to 2.5mil, 5 mil, 10...20 mil t p.a
so much more eg cost $$ savings in new plant for non-esi led spv eg power station,

also $5mil up front royalty feed model.

matmor similiar route eh +/- 30pc matmor, partners (also nickel tailing as we know)... matmor the key $$ IMO

no share price spruking - deals will speak fr themselves

am certain that the watrshed is now and the first deal will be done at month end - bring on support from all sectors - govt, analysts... wider press... time is short to get set at these levels

no talking up own book - those that were there know, these are the facts ex sp3 that i can remember... i will sit back and enjoy the ride

the esi of old is long gone, only past remnents not remonstrate as supporters/opponents that have talked to new management know, this is our time

furthermore, management are quality and thoroughly nice blokes

cheers to holders