Time for some dot joining fellow holders. We are told yeaterday...

Time for some dot joining fellow holders. We are told yeaterday we have basically funalised agrrements with NLC and NMDC and are conlcuding the Indian govt clearance process. All sounds like we could get that clearance very shortly and move to the tripartite agreement signing soon after.

More importantly yeaterday some seemed to focus on the new info of 30 mill debt financing as a possible negative and a possible reapearance of a lind type structure. I definately do not believe this would be the case and in times i have spoken to management i believe since gathering pace in India they are now focussed on delivering with as little dilution to holders as possible. We today see the appearance of a 200 mill fund through greenard willing for funding of RnD projects on Glenn Fozard's linkdein page. Interesting and for large projects of 20 mill or greater. Any bells ringing here with a combined project Coldry and Matmor of greater then 20 mill needed to advance the project. The big positive here is these RnD projects would be able to get advanced funding from this 200 mill fund and in return claim back these funds from the Aus govt in RnD expenditure. I believe other companies from Aus have developed projects overseas and were able to still claim these projects via RnD rebates. Sounds like ECT may be setting this type of situation up where we are able to get our projects funded in this way and with Coldry still at demo stage but at commercial scale and matmor at pilot these projects would be seen as RnD still. IMO i beieve we could see the Indian side take more of an investment in ECT as a stake holder in shares with ECT then building these plants at these levels with the abilty to claim RnD and then the Indian parties moving in at commercial level once plants are increased in capacity. IMO if this is all the case then this would be bery positive for holders.

I will keep this short as i am travelling around Asia and typing on my ipad is not my favourite thing but it was great to see yeaterdays update which virtually told us we are over the line very soon and gave us some new funding info. Seems although we await Indian govt clearance the team at ECT is still full steam ahead behind the scenes. Not long now.