AUL (ASX) Email to IK

Originally posted by bloomingruby ↑

Thanks Moonoomoo.

"an update is on its way"

" if a major issue had arisen then it would already have been announced"

and thanks IK.

In other words the last Exergen update through Mantle stands and is progressing(slowly). IK is oviously satisfied with Exergen's progress towards CHTD Demo Construction, otherwise it would sure be a "major issue".

From Oct 2014 -

http://www.mantlemining.com/wp-cont...ergen-Bacchus-Marsh-Joint-Venture-Update2.pdf

Highlights:

Commercialisation Pathway to support the PCDP:

Exergen continues to advance key components of its commercialisation pathway considered necessary to achieve full PCDP funding:

The PCDP will be hosted at EnergyBrix Australia (EBAC)’s Morwell site in the Latrobe Valley. Exergen and EBAC have executed Site Lease and Services agreements securing the site until at least August 2015 with an option for extension. EPA and local authority approvals are well advanced.

An Alliance Contract between Exergen, Thiess and Sedgman for the PCDP has been drafted. A draft contract for the design and construction of the PCDP has been completed by Thiess, and Sedgman has provided a MOU for operation of the PCDP.

Negotiations are well advanced to ensure both the PCDP and commercial scale operations will have sufficient Latrobe Valley coal supplies.

Work on potential product pipeline routes has commenced and negotiations are advanced for an option to acquire suitable industrial land with access to port facilities.

Preferred pipeline routes from the Latrobe Valley to Crib Point (at the Port of Hastings) and from Bacchus Marsh to the Port of Geelong have been defined

B Rubes

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Whatever opinion people have in regards to the job IK is doing, you can never criticise his promptness in replying to queries. I have emailed him twice in the last 6 months and had a reply same day. This last one was within 2 hours. Maybe this should put pay to those that say he is dragging his heals.
If he is willing to respond to me so quickly then I am sure we will get whatever news is available for him to give when it is actually available. He can't make crap up just to calm the hoards.
So to all the neigh sayers, instead of speculating contact the man with your concerns or shuuuuduuuup.
Cheers
Moonoomoo