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Meeting Date, page-28

  1. 3,135 Posts.
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    I don't think Funding as we describe it on this forum is an issue for ESI.
    Unless at some point in our discussions with the Indians we have agreed to
    help financially in proving The Matmor technology was the way forward to self sufficiency,
    using India's own raw materials.

    Remember

    We went to India with Coldry.. the end product proven
    Matmor.. still to be proven suitable on producing iron in volume.
    So we have something to sell and the Indians are interested. Since arrival we have worked
    with our clients in proving up the usage of our technology to where we are today.
    Funding ? has never been raised by management only the Hot Copper'ites.
    Of course day to day exes and keeping wheels turning is always a concern when there is no
    income ,but management have managed, 'nuthin' wrong with cut lunches
    So my only concern is having to pay for what I think is our clients expense
    but if we do , it will be to our advantage.

    All IMO
 
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