inquiry to esi's management

Hi! Fellas,

I sent my inquiry to Management regarding to Monash 6 Mils Progress. Here is the reply. Hope, everything goes smoothly as they mentioned. Not very long to sort it out.


Thanks for your email.

An update, regarding the previously stated expected delivery of Monash funds, will be made soon.

Having said that, the Board remains of the view that it's not a matter of 'if' but 'when'. Timing is the variable beyond Monash's control, however few obstacles remain to financial close with their wholesale funders.

It's important to understand that the $6m, while supportive in the short term, is part of a much larger undertaking which seeks to attract funds to build the demonstration plant... our number one objective.

Regards,

Adam
On 30/05/2013, at 5:15 PM