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MPA Next steps - Signing date, page-2

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mithrams

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21/03/17

14:51

Post #: 23513982
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Originally posted by marcmarcoz ↑

From the Ausindustry ruling announcement on 21^st feb – MPA Next steps

“Upon formal submission of the MPA from both NLC and NMDC this month”

{Formal submission to NLC and NMDC was completed late Feb}
,
“NITI Aayog will review the project against the national strategic plan and, subject to no further actions stemming from their review, the Company expects the Boards of NLC and NMDC to approve execution of the MPA shortly thereafter.

The Company is informed that the review process at NITI Aayog may take several weeks.”

{Can we safely assume that the review has taken place and it’s up to NLC and NMDC to provide a signing date as it is over a month since this announcement}

This is all dependant on what the outcome of the review is and it’s hard to fathom what delays they would impose if any I would assume this would just be a look see and keep in mind etc.

Hopefully we have now more delays and an announcement is imminent of a signing date.

Fingers crossed

Cheers
M.oz

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" and its hard to fathom what delays they would impose if . . . . . . "

Nevertheless to be sure they will find something.

ESI Price at posting: 2.0¢ Sentiment: None Disclosure: Held
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