Surges...The sp has been butchered - and the T/O motive seems to...

Surges...

The sp has been butchered - and the T/O motive seems to have legs...but imo its a no go for several reasons that Ive outlined in the past.

One that sticks out is - HOW would the Govt/ALDP panel view a low ball T/O playing out whilst ECT are in the never never "hopefully" building a "first of" high risk demo. Fact is the Govt would run a mile. The Govt NEEDS certainty...a T/O is the opposite.

Another is that THE reason the sp is 0.9c is because Monash have reneged on numerous promises. Major S/holders are aware of this and together with the Govt comment above....imo the T/O threat at these levels is zip....forget it.

Anyway...just a few comments on the trading.

The Govt ann yesterday CLEARLY stated the Vic/Fed Pilbara is a well thought out HIGH priority agenda that WILL now happen. Significant. The recent budget cuts have been re renewables - no where has anything brown coal related been cut. The 1:1 Govt for private $ arrangement still stands (Pas can you expand sometime?)... Prove Coldry at demo and the Govt will still match Monash etc $ for $ in scaling up to 2mtpa. Clear LT Govt vision that will be a massive incentive to Monash etc.

An election coming...its interesting that it has NOT derailed any b/coal Govt funding arrangements....clearly signals the Pilbara is going to happen.

So...the Govts have clearly stated that the TECHS are THE reason/key for the coming Pilbara - Exergen are listing...nice. Are Exergen THE reason for the Pilbara...? Did the Govt make such a dramatic statement yesterday based solely on ONE drying tech like Exergen...?

Regarding the 0.9 sellers. Im amazed, with 1,700,000,000 shares that there has not been MORE selling. A true "capper" would have say 10m sitting on 0.9c right now. Look at the volumes of the past month. Says to us that its ONLY hard liners/believers holding ESI now.

ECT are at the pointy pointy pointy pointy end of the Coldry story.

We can talk all day about the Coldry economics/who said this rumour...who said that.

Fact is $$$ talk - the buyers are sitting 0.8c...WHY do that if ECT is doomed - fact is... no ALDP and the sp is 0.5c and below imo.... (who ARE the 0.9 BUYERS of late...?)....and there are probably ~3-6 holders that could have killed the coy off over the last few months. What I mean is - if just one of these entities chose to start selling (they hold net ~30m shares)...there would have been an avalanche of sellers following on. Carnage...sp 0.5c in a hurry imo. Where would the future w/cap $ sp level be then...? Dilution...?

The above has not happened....and imo ALDP/Monash/friends/ will come good and its going to be happy days...

tick tock...