“The Directors of TinCom recognise Coldry as the simplest and most cost effective method of drying brown coal and turning it into a black thermal coal substitute, Mr Townsend said”
13 October 2011
“Tincom Chairman Luong Van Thang agreed, adding, "We are pleased that ECT and Tincom have established a basis for good co-operation, and have now put in place a solid partnering approach to develop the Victoria Coldry project. We look forward to the completion of the DFT, and to the subsequent economic analysis which will confirm the project's value by delivering on its strategic intent of improving energy security for Vietnam."
Tincom have NOT changed their mind...they had 2+ years to explore OTHER techs yet they still hold the same opinion!
30 November 2011
Chairman Mike Davies
"In the nine years I worked for Caterpillar, and in the fifteen years I worked for major Caterpillar dealers, I became involved with practically all of the major mining and energy projects in the Western Pacific. I have also been involved in resource projects in Asia and Southern Africa and parts of the USA and South America. So I have worked in the mining services industry for more than 30 years and have a good and current knowledge of the mining and resources industries both in Australia and globally. My involvement with ECT began in August 2010 when I entered into a Route to Market Agreement. I had developed a relationship with Sojitz Corporation of Japan, who are a large commodity trader, and wanted to interest them in selling Coldry to their large Asian customers. What attracted me to the company was my belief that ECT had two very significant technologies in Coldry and MATMOR. Technologies, which in my view, have very large commercial potential."
"Currently we are negotiating to construct a pilot plant in Inner Mongolia in order to prove the suitability of Coldry produced from Inner Mongolian lignite and to prove commercial scale economics of Coldry in this region of China. If successful, this will lead to a commitment by a major electricity producer to construct a Coldry plant adjacent to its mine and power station. Initial production capacity is planned to be 2 million tonnes per annum and could increase to 100 million tonnes per annum over time.
The mine in question has reserves of several billion tonnes of suitable lignite. ECT China will receive income from this and other projects based on an agreed fee per tonne of Coldry produced. ECT China is also discussing Coldry production facilities with several other large Chinese coal producers and consumers, however these will not proceed until product suitability and project economics are proven at the first location. We are very confident that whilst the “value add” that Coldry provides in China is less than would be the case using Victorian lignite, opportunities for Coldry in China are enormous.
Read the above AGM Chairmans address completely!
31/10/11
“ECT has finalised commercial agreements with ARUP for the Design for Tender (DFT) and commence phase one in the three phase DFT work package.”
ARUP committed in ECT’s darkest days. Why do that?
“Strong interest was also shown in Matmor by one of India’s largest steel producers.”
Jan 2012 Newsletter – India low down – oh dear!! – in hindsight what a brilliant read!! Tamil Nadu - dont they have both enormous reserves of brown coal and low grade iron ore?
“S&J Chairman Dr. Kim Sung-Ryeal commented “S&J Group evaluated numerous coal drying technologies before we decided on Coldry. We like the fact that Coldry utilises a low temperature and low-pressure process, which means that the water released, is clean. S&J Group is a clean energy company and this is important to us. Also we are confident that ECT’s Coldry process is cost effective when compared to other technologies.”
The Company has also agreed with Monash Capital to enter into good faith negotiations to conclude an agreement whereby Monash Capital will provide project financing for the construction of a single module Coldry Commercial Demonstration plant of 150,000 to 200,000 tonnes per annum capacity in the Latrobe Valley to prove the economics of Coldry production in Victoria. The Company will offer to Monash Capital participation in joint ventures in respect of the commercial exploitation of the Coldry and Matmor technologies and other commercial opportunities as they emerge. These negotiations will be complex but are expected to be concluded within three months and the Company will announce details when the key terms of the proposed deal are agreed.
Neil Youren, Director of Monash Capital made the statement “ECT’s expertise in commercialising technology is an excellent fit with Monash Capital’s experience in infrastructure projects and extensive global partnerships in Europe, Asia and the Middle East.”
Past Director – Larry Hanley….posting as LazzaNo1 on 05/04/12
(Larry is also a large s/holder who below provides great background of the supposed turnaroundstory)
"Rupe and Amazed, thank you for your accolades.
I can not let pass the opportunity to acknowledge Ashley Moore's inclusion in what I think is the "Dream Team". Ashley's appointment was the only good thing that the previous CE did. Ashley's engineering experience together with the time he has spent living and working in ASIA has been invaluable. Out in the market place Ashley was the creditable face to the Company during the rein of the previous team.
Iain's large shareholding and his willingness to stump up more fund by underwriting part of the recent Capital Raising should not go unnoticed. Iain's committment to the company at that time gave us long term shareholders more than a glimmer of hope. Iain would be ensuring that us long term shareholders are not being diluted, something that we should all be greatful for.
Steve's and Mike's contribution has been enormous and us long term shareholders would have done our investment without them.
Steve's involvement after the previous Board jumped was over and above the call of duty. At one period of time the Company was effectively down to one active Director, Steve. Steve's decission to press on was brave. Thank goodness Mike also was up for the challenge.
The Company has never been in better hands.
Goodluck to all the long term shareholders, the true believers. _____________________
There is enough RECENT NEW TEAM/BOARD appetite whetting information above for anyone sincerely interested in investing in ECT/ESI to decide whether to investigate further IMO.
If folks have sincere further questions – I’m sure the ESI posters will help you out!
ps...if your query/concern is regarding the incoming carbon tax and its implications for ECT - maybe direct your concerns to poster PASBOZ
ESI Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
(20min delay)