To reduce probability of ann date to one particular day is most...

To reduce probability of ann date to one particular day is most likely difficult guesswork.

I do support though the fact that a timely delivery of news would allow for voters at the AGM to arrive with an educated opinion about wether to pass resolutions or not.

It seems evident from the wording in our latest update that management expects a positive response from the news prior to the AGM.
A negative outcome in this context makes little sense.
To issue negative news on a delayed AGM while asking for more money from shareholders would question managerial basic skill sets.



The only question seems to be how positive the news might be.
Several hints in the wording give some indicators away:



confidential

This is making it clear that negotiations have exceeded the 6 mil payment from Monash as there is nothing confidential about it, it was already shared with the market.

Confidentiality usually surrounds concrete contracts or deals, pointing to a possible positive outcome of a partner providing funds for our plants in order to guarantee a partnership and shared profits from here.



negotiations with a number of parties

Probably explaining why Monash has not yet transferred the money, they are now part of a group of investors, institutions or partners needing to aligned towards a future for BCE.



regarding funding of, and participation in ECT’s Coldry Commercial Demonstration Plant (CDP)

Further pointing towards shared costs for construction of the plant itself.



firm conclusion

From a personal perspective,based on my own negotiation table experiences, I would only use "firm" in this context as a general conclusion is already in place.



may not be finalised prior to the currently proposed date
of the ECT 2012 Annual General Meeting (AGM) of Friday, 16 November 2012.


To leave the possibility open that negotiations are finalised by that date indicates that, if we miss it, it would be only by a few days. It appears that finalisation of negotiations were expected for some time now prior to the original AGM date tomorrow.
Some last minute touch ups ( we obviously do not deal with major points here as only 2 weeks extension is a very short time span in negotiations of the estimated complexity ).



potentially significant developments prior the Company’s AGM

As previously mentioned, the addition of " potential " in this context is something rather politically correct to satisfy ASX regulations.




I would agree that the news should not hit during the last week prior to the AGM, management would have given itself enough buffer time to avoid a close call once again, which otherwise would look highly unprofessional.
They seem to have chosen a date by which negotiations will be concluded without doubt, in their opinion.




Personally, I expect news early to mid next week, by Friday the latest.