The ECT board continues to promote investment in the company despite the reality that has been playing out over the last 5 years.
ECT’s opportunity to become a significant “player” in the Latrobe Valley has passed"
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Calabria, you wrote the above April this year. Your "expertise" is out of date. You've been wrong for years. ECT's time is arriving imo (& the markets).
And regarding your comment trying to sew doubt about the due diligence period, I've had a discussion with ECT today - it's all standard EPA approval stuff. The site has been approved for similar activity in 2013.
Below is from today's Ann:
"The suitability of the site is reinforced by the fact a previous lignite de-watering and briquetting project in 2013 underwent significant site feasibility and planning approvals. Although this project did not proceed, planning documents are being shared with ECT by the vendor"
Apparently, "New Tech" didn't go ahead due to funding issues like all the ALDP failures. No doubt they were using old style "heat & squeeze" tech which was always going to be marginal imo. Enter front end Coldry potentially/likely changing the economic viability of the LV resource. Brilliant Ann today building a great platform for Govt grants.
All imo tick tock...
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The ECT board continues to promote investment in the company...
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