Great post Obe and yes many here have waited along time and been...

Great post Obe and yes many here have waited along time and been through some rough times. As your post clearly points out management have through all the downs and tough moments have continued to position the company and in turn holders in a position to finally move into commercialisation of not only 1 but now 2 game breaking techs. It was clear at the AGM and EGM's after the ALDP failure that it was not easy as they faced holders with some full of anger and pain after the ALDP failure as well as past failures by previous management. But they bit their lips and took what came their way at them meetings through it all explaining the fact they felt out tech was superior but our position in terms of being able to be involved in LV infrastructure funding was a cross in our box. Funnily enough that was not part of the original program for ALDP funding. But now after friday weeks announcement of MOU with CEA we see that management grit their teeth and set about getting their foot back in the LV door with an ALDP winner who also believes our coal drying tech is superior and needs us to provide them a gateway feedstock for their pyrolysis plant.

Behind the scenes so much has been accomplished in the past 12>24 months both here and in India. Work done on the final Coldry product as a gateway feedstock was born as you pointed out Obe prior to the 2013 AGM report where ECT put in work to define end product diversity of Coldry for different uses and markets. I remember Glenn and Ash speaking at that AGM of potential feedstock uses for Coldry end product. Behind the scenes they have worked with end users to design a differing number of pellets with differing density, durability, robustness and friabilty. In the end they have come up with differing pellets for different end users from those who need a strong, robust, highly compressed strength pellet able to be exported to a locally used product that is dense enough for local travel and use. Also 3rdly a gateway product was designed to allow quicker drying which is lower in cost and can be used as a feedstock for value adding coal conversion processes like pyrolysis, gasification, liquefaction or power generation. It seems that ECT have numerous interested parties and have set out behind the scenes creating an end product for all these parties. CEA has popped up as 1 of them parties but who else may pop up and what interest is their in India for these differing uses for Coldy end product feedstock in conversion processes. NMDC have shown their hand that they are looking to gear up into pelletisation which we may see leads to more then we thought in that partnership.

In India ECT has worked on this project from way back born prior to ALDP failure as not only a back up plan but as seen now a step that is bigger then what the LV might have been through ALDP success. Into a country India with a real need for not only our Coldry tech but Matmor which in combination are what its president Modi is seeking to help a country increase its home resource use and increase power and steel production but at the same time using cleaner tech in doing so. The work done with Yes Bank and Thermax 1st up in being ready with an EPC partner big enough and ready engineering and planning wise to move forward in discussions with NLC and then NMDC can not be underestimated. Moving from discussions with 1 party NLC to the 2 with NMDC although lengthened the time frames here to finalising agreements i believe will be well worth it considering we were hoping for a CDP with NLC and are now on the verge of a tripartite agreement with 2 massive companies in NLC and NMDC for both Coldry and Matmor.

The work management and staff of ECT have done over the past 12>24 months has us on the verge of a comapny making moment. As BJH3 mentioned the ASX300 beckons once all is revealed and i would expect ECT to be seriously looked at by institutions and fund managers as we firstly make a huge step into India with 2 massive companies but then as CEA move forward on their ALDP plant and more is revealed there. Also who else may show their hand at wanting in on this story. Many out there focused on the past and gave management no hope and credit that they could turn this ship around and put this company in a position to finally commercialise Coldry never mind have Matmor tied in as well. I believe now is not the time to be on the sidelines hoping for a pip cheaper as we approach a defining moment in this companies history.