imfa. effect, page-50

MM- I wouldn't throw the towel in if the dft is not completed by this Dec. Remember these words:

Phase 3 is expected to be completed by year end, subject to the timing of current capital raising activities.

and these ...

During the 2012/13-year, we are committed to:
?. Completion of Phases 2 and 3 of the Design For Tender Program.

and these ..

?. Managing an effective and efficient capital raising program, with minimum shareholder dilution,
such that all capital requirements are met and expenses are provided for.

I wonder if the Monash 'indicative timetable' will be released before Nov 19th ? If it is, this will be a very good sign imo.

History:
This was said of MTE/LY in 2007: 'Loy Yang Power chief executive officer Ian Nethercote said the technology could deliver substantial environmental and economic benefits to Victoria, which currently relies on greenhouse-intensive brown coal to deliver 80 per cent of its energy needs.'

Things have only gotten better since then imo.