Ann: India Project Proceeds to Next Stage, page-182

Ok so have spent a little time going back over things

THE big question is did management actually drop the ball when they pushed for this final decision or was there a further amendment to the RCA

The later i tend to think not, because if the RCA was altered in anyway one would presume it would have to go back to NLC to approve any such amendment

The discrepancy as far as i can see is as follows on the

7/12/18 this Ann was released and it clearly states



Project bond for India project to be finalised after signing of the RCA

Yet in this recent update on the project finalisation program
as per below



It now clearly STATES
Finalise all actions to allow all undertakings as outlined in the FINAL RCA ,INCLUSIVE OF THE PROJECT BOND, working capital and nominations for the PCC

So clearly not through my fabrication or twisting of the truth but from ASX released Ann in black and white for all to see

This i take was the reason for the deferred decision by NMDC,  which was obviously cleared up to their satisfaction just so long as the undertakings as outlined in the FINAL RCA were met

Question  ECT REP

Did ECT incorrectly advised its shareholders on the 7/12/18 with its statement above and totally missed the fact the bond was to be in place before signing and finalisation could take place

OR

somewhere along the line was the FINAL RCA amended to the shock of  you the ECT board

Would be nice to know who is responsible for the BIG FREEZE and financial pressure the company now finds itself under

Thank you ECT REP look forwards to your answer if you could take the time