ect video update october 2013, page-6

November 2012
'As of today’s date, Monash has not delivered any further placement monies however we are in receipt of a letter from them which states that the first tranche of $1.0m will be delivered to us during next week, and further tranches of $1.0m each will be delivered each fortnight until full settlement of the $6.0m is made.'

What has Monash beeen waiting for?

Ashley says: 'In short, the ALDP remains in place, but it is unclear how the new Federal Government and its policy objectives may change the program objectives. What is clear is that the timetable continues to stretch.'

I reckon Monash is holding out for ALDP outcome. And that 'streched' timeline could mean any ALDP decision is months out. Probably contingent on carbon tax repeal. July at the earliest.

However: 'While there is no guarantee ECT will attract a funding award from the program, we are committed to pursuing alternate arrangements to further our commercialisation agenda.'

Now is he talking about Monash? I reckon not. That's K-Coal and company. And that could be the ONLY good news to get the options in the money. IMO

So on a pre-coffee read I'd say in terms of hearing some positive sp friendly news:

(1) K-Coal and co (possibly before xmas - but I doubt it)
(2) India (as above)
(3) ALDP/Monash (anyones guess)

Conincidence that 17 million sold or 'bought' yesterday. Good timing.