Who is still confident of a positive outcome?, page-52

To me the most important dot to join are these:

ECT Chairman, Glenn Fozard, and ECT India CMD, Shri PSelvakumar are both in contact with NMDC to seek clarity on this matter and aformal response to both the outcome of the board meeting and the MOU extension.

ECT has not received any information, formal or informal, toindicate that NMDC do not wish to proceed with the project. As such it isprudent not to make any assumptions in regard to the outcome,

Conclusion: there has been informal contact and it is not negative. Therefore the outcome is positive, we know informally it is, we just can't tell you until we get the letter and all the signing arrangements are in place.

I am still happy, frustrated, but happy. I can probably push my profits into the next tax year and that is also a good thing.