Hi All, As promised, here’s David Lymburn's (AnaeCo Managing...

Hi All,
As promised, here’s David Lymburn's (AnaeCo Managing Director) response to the email I sent him (I've included my email first to porvide context):

My email to David
Good Afternoon David,
My name is Xxxxxxxxxx. I have been a shareholder of AnaeCo for some considerable time.
I am corresponding to request clarification on a couple of items. Namely:

1. Comments in the WMRC Meeting Agenda posted on their website on 08 April 2015 state: "Monadelphous personnel are now leading the commissioning." Does this mean that AnaeCo have been removed for performance (failure) reasons? Is it simply because the final items to be commissioned are under monadelphous' remit? Is there another reason and if so what is it?
2. Can you please confirm which of the following Memorandums of Understanding (as announced by AnaeCo previously) are still valid, and whether AnaeCo are still working towards evolving these into more financially beneficial commercial agreements?

Transpacific Cleanway Pty Ltd
Dynagreen Environmental Protection (BSAM)
Bioverse Energy
Repindo Resources Pty Ltd
Brisanzia Technologies Pvt Ltd

3. Has the High Vertcal Lift been rectified yet (the last announcement indicated that this was imminent at the time)? Is this the final item which needs to be fixed before full scale ramp up can continue?

4. Lastly, are there any other commercial agreements in the pipeline other than those above?

Many thanks for your time in responding to these. I appreciate that you are likely very busy with the fault rectification/ramp up.

Regards,

Xxxxxxxxxx

David’s Response
Xxxxxxxxxxx,
Thank you for your e-mail.

1. Monadelphous (MND) has not taken over the WMRC Project. The project is and always has been delivered under a Design & Construct Contract whereby AnaeCo provides design and commissioning services and MND provides construction and related services. However, the total delivery is joint. Since February 2015 a MND project manager has been appointed to head up the team which is working to complete the remaining D&C deliverables, culminating in “Practical Completion”. This was a decision reached jointly by MND and AnaeCo for operational reasons.
2. We remain in active dialogue with Dynagreen, Repindo and Brisanzia, although there are no firm commitments to proceed to projects with any of them at this stage. Dialogue with Transpacific and Bioverse ceased some time ago.
3. The HVL conveyor, process water storage tanks and other defective equipment have been rectified. Ramp up is continuing. There are a few items of equipment being adjusted and optimised as we progress through commissioning, and these are in areas that we term ancillary or support services.
4. There are other commercial leads in our pipeline but none is at the stage where a firm commitment exists, or has reached the point where information is disclosable to the market.

Regards
David Lymburn |Managing Director|M: 0407 476 972
AnaeCo
3 Turner Avenue |Technology Park |Bentley |Western Australia
T:+61 8 9361 4777 |F:+61 8 9361 4888 |www.anaeco.com


For easy reference, I have attached (hopefully they’ve attached correctly) the announcements relating to the MOUs with Brisanzia, Repindo and Dynagreen.
Executive Summary of the MOUs as follows:

• Brisanzia – DICOMTM AWT in India;
• Repindo – 500,000 tonnes per annum (9 times bigger than Shenton Park) DICOMTM AWT in Basra, Iraq; and
• Dynagreen – “The commercial framework will include terms upon which AnaeCo shall provide technology transfer and licensing rights to exploit the DICOMTM technology, and terms upon which Dynagreen will roll out the network and capabilities of DICOMTM across China.”

Cheers

Freighter