yes bank surges on ect agreement jan 10/01/14, page-33

It's interesting to note that Fozard worked for Intersuisse / Philips Capital up until 2010.

Here is a link to a report stating that Intersuisse planned to fund several of Mantle's projects, including the Bacchus Marsh joint venture with coal beneficiation firm Exergen for brown coal export to India.

agreement with Intersuisse contained several exit clauses relating to market conditions; at least one of which was triggered at the timing of the report; Intersuisse revealed it was no longer legally bound to underwrite the raising, but they would leave their options open..

"With the indices down over the last week it has triggered the clause where we can pull out. But at this stage we haven't decided to cancel, but we reserve our right to,'' said David Pryles, corporate finance manager for Intersuisse's local associate PhillipCapital......intersuisse / Phillip Capital as per Foz's resume...

Mr Pryles said Intersuisse remained a ''firm believer'' in Mantle's plan to beneficiate and export brown coal, and hoped for an ''uplift'' in market conditions between now and the offer's closure on September 2.

Mantle's company secretary, Winton Willesee, said it was ''a positive sign'' that Intersuisse had not terminated the agreement despite having legal grounds to do so. The market was less optimistic, with a drop of more than 8 per cent - 0.8¢ - pushing Mantle's share price down to its its lowest value of the year at 8.5¢.

Hmmmm looks like intersuisse / Phillip capital were very keen on the Export to India Story.....have a look at clean technology Australia's website through the link below -

'India clean tech forum'

Cleantech AustralAsia and CII are proud to announce sponsors of the 2nd India Cleantech Forum™. These leading enterprises have committed to work together to build India’s Cleantech industry and position our companies and investors for success in the rapidly expanding global Cleantech"

Principle sponsor - Phillip capital Australia - Glen Fozard 2007

Looks like Fozard has been very interested in the whole India Coal thing for quite a bit of time....looks like India might well be considered the main game for Fozard!! Interesting stuff

http://www.cleantechnology.com.au/index.php?page=2nd%20Indian%20Sponsors

http://m.smh.com.au/business/market-slump-damps-export-plan-20110811-1iorw.html