A very good discussion point.. Like you Metro, I believe in the technology and what it can do for Aust. and the rest of the developing world.. I see Matmor as a very significant advancement and I think ESI will be using the bulk of the $4m to commercialise this so that the company can build its cashflow as early as possible... Their June report emphasizes Matmor Commercialisation on several occasions..
The ESI technologies are timely and will be (or is!) in demand by other countries... The window of opportunity is now and I believe the ESI management are applying themselves to ensure they take full advantage of the current world wide belief that Brown Coal Drying Technology is not only going to benefit Power generation but also create fuel... (Refer to Monash Energy and their slice of the LV BC!)
If Monash Capital doesn't front up with the Cash then I strongly believe ESI management will not be sitting around scratching their heads... they will move to plan B , C, D... whatever it takes... the technology is too important to let Money get in the way! Just a small investor's ramblings..
ESI Price at posting:
1.7¢ Sentiment: LT Buy Disclosure: Held
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