Of all the small caps trying to etch out a role in the changing...

Of all the small caps trying to etch out a role in the changing coal/energy scene, ESI are one of the best placed IMO. Not only in India but also domestically. If you need constant updates, you're not taking into consideration the day to day running of a company with so many projects to manage.

They don't need to tell anyone that things are on-going. It's a waste of money.., OUR money, IMO.

Just allow this to play out. Constantly assess if you are confidant in the direction, by all means, but understand it's just a lack of resilience to need constant non-updates.

I'm happy to see the Aus Govt are positioning for a long term coal policy, black out/brown in if we're lucky! The Turnbull Aus - India Modi liaison looks strong. Liberals have a strategic view on the sale of our assets and a healthy relationship is a very good thing for us.

India needs good Steel, and they aren't liking China atm so they will want to be independent it that regard too.

It's not even a question of demand for our tech. It's a question of whether either Govt can square their sh@t away while we stay afloat.. the ELF has given our company added independence too, no need to CR to a third party for example (risk a T/O). This adds credibility and puts us in a good financial position.

You'd have to have limited vision to not be hopeful in where we are heading. All my opinion obv.

There's heaps of things to consider when looking at ESI, there's plenty of risk, unknown and unanswered - these threads outline a lot of them. Guess what - it's up to you to decide if you want a piece of it - all things considered. Yep - current SP hurts to look at. But it's always been a LT hold, surely?

...Sat night rant over

PS: can't wait for this frickin MPA!

GL to all!