neyveli, page-7

Lind will also provide up to $A20 million for use by the company in its planned Coldry Commercial-scale Demonstration Plant (CDP) projects. The finance line will only be available to directly support the CDP, and will not be accessed for general working capital."

Well the fact that it's only to be used for the CDP and not for working capital is a relief anyway...convertible notes when your SP is at 0.5 of a cent and particularly with the number of shares on the register and using it for working capital , well..that would be just plain suicide IMO.

Considering the cost to build the plant is apparently half that , to which it would have costed in the valley ie - $50m to $25m; one would probably assume that the finance was more geared towards the valley. with a $20m Lind fund pack, $20m from ALDP , oppie conversion cash if successful and announced before the expire date and k-coal cash....those figures would equate to near the total capex and Opex figures required for the CDP in LY. In the valley the total $20m from Lind would likely have needed to be drawn upon, assuming that Monash were never going to come to the table.

India $25-30m construction cost, Opex $5-$10m.........there's no ALDP $20 free cash, but there's $20 Lind ...which isn't free, If the host is NLC and the module will basically end up for their own use, should Coldry be validated as commercial upon demonstration...what pre validation coin would NLC cough up?

The dirty word 'monash' ...well if commercialisation is considered to be significantly faster than it would have been in the valley and India having considerable domestic demand for thermal coal , capex and Opex costing half the cost to what it would have in the valley...and with the greater percentage of cash dropped in by a participating partner, obliging equity participating in subsequent commercial plants subject to certain conditions....if Monash were anyway real and as we are constantly hear in near every update 'talks with Monash are progressing' ...wouldn't it ring a bell with Monash that they could gain bigger percentages with less cash..you would have to think that it's probably more attractive for Monash this way...if the plant was successful, well it's reasonable to assume that NLC ( if NLC is the host ) would give the green light to proceed with commercial scale construction on the very same site...all sounds like a very direct route to commercialisation and defiantly the quickest

Hopefully the Foz had a handle in negotiating the Lind financing. Hopefully we don't have to use the whole $20m by Lind...I'd obviously be happier to hear that a significantly less proportion of the $20m is required due to a higher participation by others. $20m is a big percentage figure of the indian proposed total figures.

As previously announced, locations for the project have been developed for both the Victorian and Indian markets.....locations developed...is this saying Victoria and India in General or is it saying LY and ...... Why can't they be more specific or at least just say - " we have decided on a site, only limited information can be provided at this stage due to pre contract confidentiality etc etc, further information will follow etc etc.

It still all sounds like a great story, the guys just need to prove they can execute and that doesn't mean execution at any cost...IMO All of the $20m Lind funding being required to be drawn on for construction of a demo in India would be considered poor performance, it would indicate 'not much interest', not to mention a slap in the face for shareholders.Sub 50% drawdown with good participation percentages should be the aim