K-coal would not have agreed to take a stake in our CDP if they...

K-coal would not have agreed to take a stake in our CDP if they would not have 100% insurance of Monash's commitment.

I doubt that management's word and promises of such commitment would have been sufficient to convince the partner.
The hint towards other Asian companies following suit is also made from a point of strength and conviction.


The condition for the K-coal participation for our CDP, within this wording, is not dependent on Monash's involvement ( as this already seems to be guaranteed ) but solely on the outcome of the ALDP funds.
The LOI will become binding upon the securing of a defined level of success in regard to the governments Advanced Lignite Demonstration Program (ALDP)funding for the CDP project

No mention of a defined level of success in regard to our CSI investor, is there?

Interesting here how K-coal already envisages a defined level of success, providing me with my previous assumption of a clear bracket of dollar supplies already expected by management from the ALDP.




Bit more patience needed to be more rewarded than with a simple 6 mil deposit, in my humble opinion.

The ALDP short listing should function in increasing Monash's commitment and in turn further attract Asian interests.
Market greatly underestimated the short listing event in a similar fashion it ignored the invitation to the launch of the funding program.