Ann: India Project Update, page-329

The way I see it is that these are the options (all IMO):

1) NMDC approve and sign before the sunset date of 31 January 2019...i.e. in the next 7 trading days for those of us in Australia.

2) NMDC don't sign now but will at a later date, and sunset clause is extended. Again. Possibly further cementing the perception of their lack of respect for deadlines jointly agreed to. Which leads to "Why would any of the construction timelines be adhered to?!". Which leads to bugger all share price appreciation until there are tangible results e.g. plants being built. 

3) NMDC don't sign now, and withdraw from RCA. Who knows why they would, but this is a potential option. If they do, then NLC may continue on their own, but I would imagine all agreements/contracts etc would need to be redrafted...i.e. more delays.

4) NMDC don't sign now and withdraw from RCA. NLC follow suit. Well, then, RIP ECT.

I don't know what would have to happen in the short term for the market to react positively, and for the share price to appreciate. If I was looking at ECT with fresh eyes as a possible investment, I would only buy once everything has signed.

And there are plenty of sellers willing to sell for less than 2cents or 2.5cents.