thyshift, i refer to ASX:WEC announcement on 29/4/11, and...

thyshift, i refer to ASX:WEC announcement on 29/4/11, and thebushboi's reply below which appears on the money. All seems quite clear to me. They are making progress on the plant (even has pictures!), they have their own coal resource in SA, they have a number of interested parties (including from China) and they had $201m of cash in the bank. By comparison, at dec 2010 ESI had about $700,000 in the bank and a note of material uncertainty as to Going Concern from the auditors. Intereting to see note 1b(i) in the half yearly accounts, "The company expects to receive its 2010 R&D tax offset in late April 2011 amounting to
approximately $200,000". Any word from the Company as to whether this came in ?
If i was looking for a partner to develop innovative technology at scale, i would want to be dealing with a company that had financial resources to at least fund some development work, independent assessments or at least contribute to same. ESI is sadly lacking in this dept, unlike WEC by comparison.