Trading volume and interest, page-24

Mithrams,
You may be far from seeing any evidence of BCE but we are not. Particularly as we don't see BCE as the finished market to sell to (see Calabria57's myopic view on this above), rather we see Coldry as a gateway to further beneficiated use and higher valued finished products (like carburizer, char, syngas, hydrogen, metallurgical reductant, chemical feedstock to waste to diesel etc). We actually don't care too much for BCE as a finished product because the market is limited. But even in this limited market, there is a place for Coldry that isn't being serviced and cant be matched by competitor products. Coldry has a higher surface area contact than any other mineralised solid fuel source. That is its strength in the BCE market, unmatched by any other. This is clear when you see performance in boiler systems where Coldry's reactivity to pressure changes is significantly better than the next nearest competitor. It will also be the same with charring and pyrolysis and will ensure that Coldry is far more efficient to char than a briquetted dried brown coal.

You ask why we didnt we do this 5 years ago. The answer is pretty simple. We made a commitment to focus on India and Matmor.
This approach didn't work, so we are going back to commercialising Coldry and developing earnings in the process.
I didn't see you at the AGM this year.

regards
Glenn Fozard