nmdc significance, page-27

PP,

NMDC own 50% of Legacy. They will have majority board, that is control.

Because NMDC have iron ore customers around the world Legacy will be able to get finance to get iron out of ground. These lenders will be happy to see that NMDC control board.

It is not like that NMDC and Legacy are separate companies, where each company has to find its own finance.

Legacy should really be called "NMDC" because NMDC bought 50% with 19mil and will control the company. You have to see it as one company. Look at it like a takeover, but instead of a 51% takeover, only a 50% takeover.

This is NMDC first overseas acquisition. We know that they want to secure iron supplies. Sure we need to know more details. Once these details start coming out, we should see sp going up. Market needs more information about the plans of NMDC.