NSE new standard energy limited

trading halt, page-15

  1. 6,325 Posts.
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    I think, it's the JV transaction for Merlinleigh. It's the biggest possibility in the current sitiation.

    Trainstop, LOL mate. No chance for me for being a majority shareholder for this one even though I hold considerable amount of shares in our family accounts.

    And yes, making a JV is mainly about the "Risk Management", if it's not because of financial problems which is not the case for NSE. Even though there is a hig probility of GCOS for Merlinleigh (Geological Chance of Success), it is better to make it with a JV. We don't want to gamble on this company do we.

    Anyway, good luck to everybody.
 
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