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clock Created with Sketch. 01/12/17
13:51
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Originally posted by crone5
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Time line / Steps to the MPA. 1.Submission of draft report by 21st of November 2017 - Completed on time, and in the hands of NLC / NMDC on 22/112.Presentation to NLC & NMDC by 5th of December 2017 -3 .Final report by 19th of December 2017This split approximates the expected cumulative position of all expenditures made by each party from inception of the technologies through to the conclusion of the operational period of the integrated demonstration project. That is, commencing with ECT’s listing (2006) through to the construction and operation of the integrated demonstration project under the MPA.Financial Consultancy:Analyse ECT Aust audited accounts to ascertain the expenditure recognized and assets acquired in the development & acquisition of technologies Coldry and Matmor.Including original fair value of assets acquired (APCS) by ECT on commencement of the company as at 25th May 2006Operating expenditure over the period 2006-present proposed funding by NLC / NMDC in the project to verify the proportioned equity distribution at conversion of ECT India being: GL
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And, having had the MPA pass legal review obviously NLC and NMDC were happy with the split and had completed their due diligence, being two billion dollar companies you would expect this to be thorough. Hopefully the reviewer sees it the same way.
(20min delay)