Anytime soon, page-115

My current personal expectations for India are as follows:

Revised MPA documentation completed and submitted to NITI Aayog, an announcement of this via ASX.

Approval from NITI Aayog, announced via ASX and to include the date and location of the signing ceremony.

Following the signing and via an ASX announcement they provide a full briefing of the terms and conditions of the MPA. Also in this announcement the targeted completion date of construction of the commercial demonstration plant by the end of 2019.

We turned over 191m shares on that day in January on the sniff of a signed MPA, the 5 days we traded prior to that we turned over 236.7m shares so I think anyone that wants out this time around of the back of the real thing won’t have an issue.

Make no mistake, we all understand that to date this company has not nailed down any of the previously spruiked deals and that is why the current share price has us priced for failure.
That is what is currently priced in, failure in India and not the MPA that is for sure.
The market doesn’t care if we have plans for a plant in the LT Valley, or if we can make money out of Bacchus Marsh with off-take agreements.
Even if we had a new pellet that can withstand 100kg pressure, the market doesn’t care as it’s all about the credibility of getting the India deal done.

And they will.


The above all IMO.