is there news around the corner?

I attended last years AGM and came out with one primary conclusion in mind. ESI was clearly more focused on India than Australia.

If you carefully review the last few anns, starting in November last year, all seem to back this up and for good fundamental reasons,

On November 25th 2013 an ann came out
titled ...ECT partners with YES BANK, to drive India strategy
This came out 4 days before our AGM 29/11/2013 (well timed)

And on the 26/11/2013 one day after the Consultative partnership with YES BANK was signed, Glenn Fozard became our new chairman
(I am happy to have Glenn Fozard on board) Glenn by the way only recently joined our board as a non executive director on the 17/07/2013 I mention this, as Glenn could not have been the driver of ESI to apply for the ALDP.

I also want to add that Glenn Fozard our chairman, is well connected and along side of Ashley Moore our M D have been extremely influential in shifting our focus towards India. Glenn in particular is well connected as he is the head of Corporate Finance for Greenard Willing, who as we know, are the advisory partner who assisted us in engaging YES BANK.

Another interesting connection that I believe Glenn has brought into the ESi equation, is Jeffrey Castellas B.A.SC.M.A .. An internationally recognized expert on the clean tech Industry, and co-founder, managing director of Clean Technology austral/Asia, he is acknowledged as one of the premier specialist consultants in the areas of Clean tech, sustainability, climate change, as they relate to government economic development mandates, towards industry development tech solutions, and Jeoff is also an Associate Consultant to Greenard Willing.

Another connection, YES BANK is the exclusive India partner to Jeff's company Clean Technology Austral/Asia .to provide investment banking services to Australian Clean tech companies for Indian markets ...so yes Glenn Fozzard is a great asset and his team is very well connected to India …Info found at www.cleantechnology.com.au/index.php?page=Our%20Team.

Now let's look at the fundamentals that ESI have presented in the last
3 Ann's which I believe shows there is news just around the corner, that the India strategy is moving quicker than most here think, towards the CDP demonstration plant.

I believe the next two weeks will be very interesting.

Let's look closely at the last announced on Christmas Eve titled
Underwriting and Project Financing Secured...

Very powerful, deliberate words (Project Financing Secured)

Terms sheet signed with Finance providers The Lind Partners and Investment house Peloton Capital

In that announcement it says clearly that a $20 million line of trade finance for the specific use of supporting the company's planned CDP projects in Australia OR India ...(well we know Australia is out now)

And under the section TRADE FINANCE LINE, it finishes off with this statement

"The detailed agreements of the Trade Finance facility will be completed in the coming weeks and further released to the market as noted above."

By the way Peloton Capital has agreed tp provide marketing support for our new options series ...Interesting, what marketing have they got planned?

I also found this statement by Ashley Moore interesting

We continue to develop solid lines of inquiry around additional lines of capital towards this objective, including engagement with those parties who have previousley expressed an interest in participating in the CDP.

Now look at the fundamentals of the announcement we got today regarding The Aldp knockback

Firstly I would like to say that the ALDP was created and based originally on labours view and policy and so when the liberal government took over then they certainly looked at the ALDP quite differently and I strongly disagree with most posters here who blame ESI for this ...policies change when governments change, rightly or wrongly that is politics.

Back to todays Ann ...

.What I actually liked and now understand based on the team and expertise that our Chairman Glenn brings to the ESI table, todays ann brings to light that ESI certainly has favoured India and is now in the better position to succeed.

.India is ready to use technologies such as Coldry, and have a far greater and immediate demand without the restraints of having to build infrastructure and upgrade ports ...they have their own brown coal, they just need our technology and we have the right team abd the expertise to get the job done....this is a faster and far more suitable environment for ESI to grow.

.The cost of setting up the CDP plant according to todays ann, says that it would cost less than half the cost in Australia and we would achieve the same goal to demonstrate the value of our technology and we would also be far closer to revenue ...well it does not get more plainer than that.

To finish off I believe there will be more news regarding the remaining finance which is now considerably less and with the $20 million line of finance already available ...they did quote, can be used in australia or india, so India will now be the go and with the new options that will be underwritten and there will be marketing support.

I truly believe that a whole lot of news is around the corner
and I am not the only one....AS SOMEONE ELSE BESIDES ME WAS BUYING UP BIG TODAY.

This is just my researched opinion and not investment advice.