Ann: Shareholder Update - India Project, page-10

Let’s just recap a few points and keep things in check:

NMDC didn’t run a December board meeting without ECT on the agenda
The deal is still on the agenda for the next board meeting
The ‘within 3 weeks’ timing for the board meeting is specific. I am expecting it to be done very early in January because of this as well as because listed Indian companies regularly run board meetings around late December, early January (unlike here). Just look at scheduled meetings from one of their exchanges
The sunset date was extended to Jan 31 with very little buffer suggesting high confidence of timing. Remember, the negotiating and drafting are the most arduous processes, deciding when to meet and formally ratify is just a scheduling matter.
Today the team is meeting with high commissioner Harinder Sidhu once again who is unquestionably going to be pivotal in setting the political tone of this deal. This is important because of the nature of the techs.
I expect a lot of action on the share price leading up to the formalities and ceremony, especially because there are so few sellers given the milestones just around the corner.