glao, page-14

Cheers, pgamble. I'd say the Veremonte team is all pretty well linked, and one of those tentacular entities. Xavier is a part of the ones who focus on Brazil, but the trademark/patent people make sense: we have a unique technology as described in the half yearly:


BIOMASS PYROLYSIS TECHNOLOGY

LICENSING RIGHTS TO DPC PROCESS

DPC Process and Zapucay Project

During the six-month period to 31 December 2011, DPC issued a final report on the charcoal production testwork undertaken by them. DPC is assisting Gladiator in the preparation of the pre-feasibility study for the Zapucay Project by providing data on gaseous emissions from a
DPC charcoal kiln for the Environmental Impact Assessment of the project.

PROJECT OVERVIEW AND BACKGROUND

Licensing Agreement

During July 2010, the Company entered into an agreement, “The Patent Technology and Know-How Licence Agreement”, with the inventors of the DPC biomass pyrolysis process.
The licence grants to Gladiator the worldwide rights, with the exclusion of Brazil, in the field of carbonisation and pyrolysis of biomass, mainly wood and other materials (with the exception of tyres) for the production of charcoal. Gladiator is able to proceed to develop and commercially
exploit the technology within the territory and is also able to sub-licence the use of the technology territorially or to industry sectors.

The Licence is for an initial term of six years with extensions of four further terms of three years
provided commercial milestones are met in commissioning plants or payments in lieu of commissioning fees to the inventors.

DPC Process

The DPC Process comprises three phases occurring simultaneously in three interconnected horizontal kilns to produce charcoal from suitable organic feedstock, such as timber from eucalypt plantations. Compared to conventional and traditional methods of charcoal production, the DPC Process offers many advantages including:

? Higher yield;
? Lower fines generation;
? Significantly faster production cycles;
? The ability to process green, freshly harvested timber;
? A dramatically reduced environmental impact; and
? Lower overall charcoal production costs.

The Process also leads to a reduction in timber consumption, resulting in minimising the area of plantation necessary to support a given level of charcoal production, with a saving in timber production costs. When compared to other methods, the Process generates a stronger charcoal
with higher fixed carbon content and more uniform product quality.

The charcoal produced by the Process is very suitable for use as a reductant in mini blast furnaces. Gladiator believes that the Process represents a valuable addition to its Uruguay Pig Iron Project and will assist in ensuring that the project will be highly competitive when compared to other pig iron producers.
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We could be on to something big here. World-wide licence (excluding Brazil and tyres) with a term of 6+3+3+3+3 years.

Very happy to have Veremonte as one of our substantial holders @ 7.6%. The other major substantial is Wealthystar Group (Chinese) at 7.62% and JP holds >7%.

This is a great comment of yours, pgamble:

"What was interesting is that he also said they acquire companies with "unique technologies" before they reach commercialisation. So for those who hold oppies, you could be in for a bigger % gain than us who hold heads."

Interesting indeed! Veremonte would have done some due diligence, imo, before they made their investment in GLA. I have thought the options have been very bullish. What this tells me is that investors think that the heads will reach >10c- more like 12c, because why would you pay 1.7c for options when you can buy the heads on market for <7c?

Thanks for the info, pgamble. It's all food for thought, and a good reminder that we have more than magnetite. Hopefully, this little company will be a rocket.