what the hell of esi management doing! , page-7

Spitting the dummy and jumping around like first time fire walkers isn't going to help much .... Apart from making the nervous ones chew up to their knuckles and bail

Yep was expecting something out this week.... But wasn't suprised that it didnt come out...The monash letter appeared on the morning of the AGM; Mike gave a fast response answer of a week to have the funds transferred , he also gave a fast response of 'sometime' for ECT to get back to monash about the sought changes to the T&Cs....

A couple of months ago ALDP was unheard of....hence had no bearing on funding for the commercial demo plant what so ever; what ever percentages that may have been talked about in negotiations between ECT and Monash subject to ither pary involvement will now be out the window.... ( if they gain ALDP funding, which is more likely if tuesdays light is green ) .

A yes or know on Tuesday will obvously result in 2 totally different announcement in regard to monash funding

K-coal have based their partisipation percentage based on the level of success in regard to the ALDP funding for the CDP project. They are saying 5% of the balance figure I'm assuming

$0 from ALDP funding means means 5% of $70m
$20m ( hypothetically ) from ALDP means 5% of $50m

We are talking of Monash as the CSI...so we are talking much larger percentages / cash against the full $70m or an out lay figure significantly reduced through ALDP funding....50% of $70 million= $35m or 50% of the balance of $50 million ($20m gained through ALDP) =$25m, or still 50% of the over all $70m funding ... Again $35 m but would very much reduced the remaining percentage available to any other; using the above figures and K-coals 5%.... The balance left over is just $7m

IMO it's not unlikely to see Monash and ECT basing negotiations on -$10m, $20m, $25m ( or what ever) funding received through ALDP then we will invest x% .....the more ALDP give, the more equity percentage ECT gain and which of course means a reduced funding pot available to be taken up by potential partners....

IMO monash and others ( if there are others) would have been expecting ECT to have jack all to contribute to the Demo, but now..... ( If on Tuesday, we get through to stage 2) ECT could have a large equity slice share, leaving less a share for any other potential investor... Less of a grasp for monash, subject to any other negotiations that Ect may have had with others..

I don't expect that any negotiations that have occurred between any of the party's is a perfect jigsaw...

IMO Monash are actually after the bigger picture pot of which the $6m is a part... The $6 on its own.... It probably not of huge interest.

IMO , there will be 2 Ann's ready for print of which only 1 will go to print based on a yeh or nay for Proceeding to ALDP RFP..

If you gain $5m it's this, $10m it's this etc etc

All just MO, all pie in the sky

Either way rather be in than out on Monday waiting on Tuesday