sorry for the delayed response amazed,
but i am busy unfortunately this week and for the next month, i will be o/seas so my esi commentary will be non existent, unless i get bored (which i doubt)..so dont miss me guys (haha)
LYP are allowing more than one company to currently use its coal to prove up varying technologies. its completely understand and i do believe them they are using LYP coal at the moment for these scale runs.
regarding any definitive agreeement for the 2mpta or 20mpta, i havent seen anything that i can take to the bank.
i think the test burns will be fine, the test burns are not and have ever been the main issue. this dry coaling technology is pushing 30 years old, most in the world are doing variants of the same thing, the issue comes when you try to scale it up. No one will allow a extruder to go down when it costs you $100,000+++ a hour to run a plant, its suicidal for any breakdown.
coldry maybe able to deliver, but i doubt the ability of management to get it done, they have spent millions of dollars, destroyed the SP and how much closer are we? thats my gripe.
my predictions are back to 2c, la jolla to get more shares at 1.7c, another fluffy annoucement and the SP to run to 2.5c and the process to repeat.
also no top40 shall be forthcoming i suspect, i called it a pump and dump becasue thats what the anatomy of the news was. i am a cynic, but i play small caps and i see this every day. i have posted on a few lately that ahve done well. one has nearly 2billion shares, but its doing well, manamagent are putting in the cash!! so if they have confidence who am i to say NO!
Cheers.
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