ECT hosted three tours of the Coldry pilot plant in Bacchus Marsh on Saturday for shareholders.
Among the 40 shareholders who braved the chilly Melbourne winter to see the technology in action, was Brian Mills.
Travelling six hours from Griffith in NSW to attend, Mr Mills said he would have come from Darwin to be at the tour if needed.
Mr Mills became a shareholder in 2007 and has ridden the highs and lows of the share price with optimism and belief.
“If you look at the history over the past few years, I believe ESI has now settled in to a long term trend line which I expect will continue to rise, maybe by 500% over the next two years,” he said.
A retired engineer, Mr Mills is familiar with the La Trobe Valley, having worked on the region’s 30 year plan post retirement.
” I know there are large amounts of brown coal in that region waiting to be exploited,” he said.
“We just need someone to enrich those reserves, and I believe this (Coldry) technology can.”
Mr Mills is also a big supporter of ECT’s recent deal with Vietnamese company TinCom and the company’s other global sales efforts.
“This (Vietnam) is a country that knows what it is doing by funding a long term contract and investing money into technology that will assist in providing enough coal supply required for a population growing at 7% a year” he said.
“I can see ECT setting up plants in every brown coal country in the world.”
Mr Mills said this current economic climate was an opportunity for shareholders in smaller establishing companies like ECT to make money, a piece of advice he has enjoyed giving to Griffith’s local women in his advisory role to Fresita, the Ladies Investor Group.
ECT is planning to hold more shareholders tours in the future.
Numbers will again be restricted to 10 guests per tour. You can register your interest by emailing [email protected].