show me the money, page-26

Morning H

Good post.

Yes - a lot of innuendo re Monash. Basically I believe that you may be right in your assumptions - my concern is the way Monash is being sold by ESI and bought so readily by some SHs as (in my words) the next great CSI savior.

If Monash is a start up vehicle and generally into housing and want to get into Coldry as a first sort of project of its kind for them, why just not say so? That would lend more credence than referring to it as a $300 mill asset co with HK head office that has an answering machine!

Surely ESI management would have learnt their lesson by now about selling up something that it is not...ECT/ESI has a history of over promising and under delivering.

Also H it is ESI that have spruiked Monash with the $300 mill in an ann, I believe using NYs words.

SP is correct. Matmor tech owned by the C bros and if you look at the ESI website you will see more info about the development of Matmor intentions there.

Cheers K