today is the day, page-59

shumbi

The only way for this company to be derisked is when a commercial demonstration plant has been built and the economics of the technology have been proven, until then, it is all theory, although the announced theory so far has all been positive, one wouldn't expect any other flavour to be presented from the company trying to commercialise a technology. Is it real, that is the million dollar question?

Until the above happens, it is all just smoke and mirrors, there are no illusions, this stock is still highly speculative and it seems that some just don't have the stomach for this type of risky investment. Personally, and most likely foolishly, I like the prospect of backing a 330/1 winner, and that is how I have always rated this stock, unfortunately, the price hasn't tumbled as I have expected, but that is just the way the cookie crumbles. Simple fact of life, not everyone is a winner.

This company has been on the back foot for so long that the 4 million offered by an "investment group" is the shot in the arm it needed to at last fire on all cylinders.

Nothing about the company has changed much, it is still in there throwing punches, so as long as it is throwing punches then there is still a story to believe.

Unlike some of the other long term holders, I think ECT have announced yesterday that they are open to other funding arrangements and are in fact still exploring them iin the event of Monash dragging their heels.

On the one hand, I was really disappointed with AG's comment that there is always a Plan B, I think that was the signal that the money wasn't going to make it on the 26th, on the other hand, it is good that management were prepared for that event.

Anyway, just some rambling thoughts on yesterdays events.

Hope your theories are right.