Once the ALDP grants are approved/allocated in principal come June13 or thereabouts, they are only approved in principal.
The most important principal being that allocated ALDP GRANT $$$ can only be drawn down when the balance for the project is fessed up in the kitty.
That kitty needs to be flush with CSI $$$ between Sep 14, and the 90 day period thereafter in which the ALDP grant remains valid.
Everyone involved in the CDP financing smoke and mirrors equity v SPV game, are aware of this piddling $70m demo plant SCENARIO.
I use the adjective ''piddling'' because in the scheme of things,,, namely Commercial Coldry Plants,,,, it is indeed a VERY PIDDLING minor consideration when compared to where Coldry should now be time line wise in the commercial scheme of all things BCE.
IF YOU LOOK BACK TO THE PAST,,, ( and heaven help those whom refuse to acknowledge the past for fear of re-living it ),, YOU WILL NOTE FROM PAST ANNOUNCEMENTS,,, that phase 1 of the DFT,,, was not to proceed to PHASE 2&3 IF,,, coldry was not deemed as COMMERCIAL !
So please,,,, the recent comments to the contrary here are c/o those who deny announcements in their entirety.
IF PHASE 1 DFT proved commercial viability,,, which is stated in the company records,, then WHY THE HELL, have these dream team slackers not been able to flog off a license or 3 oversees,,, and for what material reason,,, given that they raised a coupla mil at rock bottom sp vwap rates recently,, gives them the (dis) incentive,, to NOT FESS UP WITH THE COMPLETED DFT ????? AND STILL WANT $6M from monash ???
ESI DO NOT HAVE A CURRENT MATERIAL AGREEMENT WITH MONASH
THE PROTRACTED PLEDGE AND LETTER ORCHESTRATED AGREEMENT LAPSED ON 28 FEB 2013,,, THERE ARE ONLY NOISES ABOUT DEALS WITH MONASH ATM,,,SO HOW ABOUT SOME CONTINUOUS DISCLOSURE ASH !
The DFT,,, AFTER ALL IS SAID,, DONE,,, SMOKED,,, REFLECTED,,, BOVINE CENTRIFUGED,, AND SPUN OUT TO THE RUMOR MUPPETS,,,IS THE COMPANY'S FLAMING BREAD AND BUTTER, AND LICENCE TO PRINT LICENSES TO PRINT $$$$ FOR COLDRY MANUFACTURE......imo
What,,,, we share holders don't pay em enough for results ??
Look at the cash burn Mike and the lads got through drumming up what ??? over where???? Who's Monash ???
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