This post is not only to utilize given break, but also to share...

This post is not only to utilize given break, but also to share with you, fellow shareholders/investors, my observations.

It is interesting to see today almost en exact repetition of our position from three years ago. On the date, 18.03.2016, ESI traded at 0.013. Two months earlier, on 18.01.2016, after voluntary suspension and with great level of excitement and longer term expectations, share price reached 0.036, only to reverse its trend, to 0.013 on 01.04.2016.

And although today, all these years later, with occasional downhill slaloms and uphill climbing's we are enjoying exactly same price 0.013,
and two weeks away from to be interesting and hopefully positive outcome on 01.04.2019?
.
Do we have another wave of expectations for this special date and really positive development, in contrast to one, from three years ago?

Is it really going to happen? Although always, over so many years, I maintained positive attitude, however, when recently asked some interesting questions by family members and friends I recommended our Company to, I really felt quite uneasy,

Doubts associated with inability to explain what is, or going really to happen in not to distant future. What is our Company short term strategy if unsuccessful in India itp. And those are quite legitimate questions, which I also should probably ask myself first. Unfortunately, with experience to date, permanently moving "goal posts", ill and/or imprecise or not fully researched, confirmed and approved decision / information conveyed processes it is not really easy task.

Is ECT Management mindset on success or survival?
As three years ago:

ESI flagged commercial terms of the proposed Indian project
MPA continues development
NITI
MPA - 21.02.2017 we learned about clearance of all legal reviews at both NLC India Limited (NLC) and NMDC Limited (NMDC).
ELF establishment, thanks to ECT, but only, because dates discrepancies due to....?
MPA - 17.05.2018 parties had reached agreement on key commercial terms to proceed, only to become MOU - Memorandum of Understanding
RCA - 15.11.2018 we learned of agreement approval by NLCIL with NMDCL Board expected to approve shortly
ETC, ETC, ETC, ETC
and we are still, price wise, at exactly same level we were 18.03.2016!

Regardless of the above I am still ECT supporter, (probably more of its technology) with desire to achieve, one day, planned and expected by all, outcome. However to reach this outcome in timely, with grater effectiveness and transparency and well managed fashion.

AIMO