Mar 20 2013"We are extremely pleased that Michael will remain as...

Mar 20 2013

"We are extremely pleased that Michael will remain as Chair of the Board and has that he will support the executive in the delivery of the next phase of Coldry commercialisation...His (Ashley) experience as a senior executive throughout Asia coupled with his deep knowledge of Coldry will allow him to deliver the next phase of our strategy....I thank the Board for the opportunity to lead the executive team in the "delivery of the next phase" of our commercialisation efforts”

Notice 3 times it was stated "delivery of next phase"

Anyone else get the feeling ECT are very confident the plant $$ is secured...?


Aug 31 2012

"it is anticipated that the Company will appoint a further 2 new Non-executive Directors and an increase in the ceiling on Nonexecutive Directors will be required to accommodate the expansion of the Board. The appointment of additional Non-executive Directors will enhance the skills and experience necessary to guide the Company through the critical transition of the building and operation of the Coldry Demonstration Plant through to the construction of a full commercial-scale production plant."


Nov 29 2012

"As ECT has been in the process of negotiating investment into the Coldry CDP, and the subsequent Commercial Scale Plant, and as I have led these negotiations with the major North Asian resources companies myself, the Board agreed to have me continue in the dual roles for another year, by which time we expect to have secured all of the equity investment required.

There will be no extension to these arrangements and we have a succession plan in place that will see a new appointment to the role of Managing Director by September 2013."

"by which time we expect to have secured all of the equity investment required".... So Mike is "gone" April...Im liking this...!

Ashley from April will be the only full time executive...seems to me Mike is making way for other directors with expertise for the "delivery of the next phase" as they said yesterday...

If I was Monash - I would want to control the entity (ECT - whom owns the IP for starters) that controls the CDP/CSP futures...enter the 300m esi/300m esio. Hostile take over fears removed. Since I am going to take the initial risk and invest 10's of millions of $ and also "control" the register - I MUST appoint an executive director highly experienced/qualified to ensure the CDP construction is nailed in every degree.

That's what I would do....and given the above ann's - I get the feeling things are falling into place...

tick tock indeed...