k-coal...you ripper!, page-58

Today's announcement shocked the market (as was evidenced by the trading) because the market expected a better announcement. In fact, at the very least, the market expected a funding commitment from Monash (worst case scenario) or a fully funded proposal by a consortium (best case scenario). Instead we got neither.


What gave the market this impression?


Did the company over promise in the postponement announcement or did the market read too much into that announcement?


Today's announcement was a good one, but obviously not the type the market wanted to read - hence the punishment.


IMO if we receive any generous funding commitment from any serious party at this point in time, we can almost kiss any government funding goodbye.


IMO ECT has always been about Monash for the past 8 months. Monash hasn't left the building. They are still here, but haven't yet delivered the promised $6m. Tomorrow will be very interesting given we have to vote on this resolution, so I guess we will learn more about the status and intentions of Monash.  Will Neil turn up tomorrow to clarify Monash's intentions? If he is brave to turn up (he did turn up at the last GM in April) then one can assume it is still game on, and everything is still on track for a 2014 Coldry plant to be under construction/operation.