Data load elf options trading
ESI ECT or Company is pleased to provide the following update on its activities, data load elf options trading details of our capital management and commercialisation programs over the coming weeks. The Company is in the final stages of completing the requirements to be able to formally offer financing to ESIOA and ESIOB holders under the ELF, and is aiming to release the full details in coming weeks, in time for the offer to data load elf options trading for application by Friday 14 July or earlier.
The ELF is intended to provide a financing solution to those options holders unable to secure their own financing should they wish to convert their options to fully paid ordinary shares ASX: ESI ahead of expiry on 31 July Therefore, if an option holder takes up the ELF facility in order to convert options to shares, those shares will not be eligible for the Bonus Issue. The current intended terms of the ELF are consistent with prior announcements, with some variation:.
The Company has set up an online pre-application form. We encourage interested option holders to complete this non-binding, pre-application process. Those who complete the pre-application form, and are subsequently approved, will receive a 25 basis points 0. The link will be provided on that day. This has now occurred. As outlined in prior announcements data load elf options trading. The Company has previously completed successful trials through small scale boiler systems and has recently completed a very successful trial through a medium sized boiler system.
The detailed data generated from these tests highlight that Coldry solid fuel performs well in all solid fuel boilers tested to date, in regards to its thermal properties, product handling characteristics and system performance. The Company is also pleased to advise that contract negotiations with multiple parties have commenced and if successful would take supply of solid fuel pellets up to the full capacity of our planned Stage 3 Upgrades at the Bacchus Marsh High-volume Test facility HVTF.
As previously announced, the upgrades at the HVTF have been staged to allow for progressive testing and commissioning of each upgrade along the process train. The demand for alternative sources of fuel supply in the steam and hot-water boiler market has recently increased the rate of enquiries for Coldry product from our HVTF, subsequently leading to an increase in contracts currently under negotiation for the supply of solid data load elf options trading.
Current qualified interest in solid fuel supply now exceeds the estimated Stage 4 capacity of the plant. The Company is therefore considering initiating a feasibility study for the construction of a commercial data load elf options trading Coldry plant in the Latrobe Valley.
The market will be further updated if and when the Company formally commences this process. ECT is offering a cost effective solid fuel i. Coldry Pellets for use in steam and hot water boiler systems across Victoria. The cost effectiveness data load elf options trading our solid fuel in the eyes of the local market is further highlighted against the rising costs of natural gas, with fears of greater price increases over the coming years threatening the viability of energy consuming industries largely reliant on natural gas for their utility energy requirements.
The rapid escalation of natural gas prices is squeezing margins and impacting on business viability. If this continues, then the human impact of course is lost jobs. Upgrading boiler systems to allow customers to use a diversified range of fuel gives more cost control to the business owner. Energy security is essential to economic security. To accomplish this, we must build with future scale-up in mind.
In the context of the above local opportunities, it is important to highlight that the Indian Project remains a key priority for the Company and that any new build project will be developed in addition to the Indian project.
The Company believes that demonstrating the financial feasibility of its Coldry technology at increasing scale in the Australian market can only improve its standing in the eyes of its Indian partners and may act to shorten lead times in delivering the integrated Coldry-Matmor project in India. Other benefits to our India strategy from pursuing increased scale of Coldry data load elf options trading in Australia may include:.
It is necessary, and we will allow it the time to conclude as required, supporting it at every turn. We do this because we expect the outcome will be extremely valuable to ECT and our shareholders, and because we have no doubts as to the commitment of our partners to pursue the project, and the data load elf options trading which will flow from that data load elf options trading complete.
These activities, outlined above in this announcement, also create value for ECT, as well as improve the speed and precision for our Indian project on commencement. Description Coal pit cover — allowing large deliveries of raw feedstock to be stored under cover Telehandler loader — efficiency improvements with logistics and yard management Outfeed conveyor system and storage hopper — decrease impact of a major system bottleneck and improves efficiencies of product loading and handling.
Description New pellet extrusion system added as second line allowing for significant scale-up of throughput Conditioning belt overhaul including: High efficiency heat exchangers and fans Belt assembly changes to improve drying efficiency Efficiency improvements through improved air-pellet contact Boiler efficiency upgrades to support higher product throughput Packed Bed Dryer refinements to monitoring and outflow system.
Description Yard management upgrades including: Improved roads and loading area Weighbridge Additional boiler system as demonstration of multi-feedstock systems Coldry solid fuels and Biomass Additional security, remote monitoring and increased safety support infrastructure.
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