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14:55
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Originally posted by giddiyup
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I sent the company an email and got a prompt response. While I have been frustrated and have a lot invested, I think they need to be given a bit more time, especially Mr Selvakumar. Advancing discussions with significant counterparties sounds promising, so it is possible we could get some information some time soon.Thanks for your email. Per previous announcements, Mr Selvakumar wasappointed as our in-country lead in June of 2019. This is particularlyimportant in providing significant networks and contacts into the industrialsector relevant for our technologies in India. The other material benefit hasbeen to offset the otherwise higher cost involved with the ongoing presence ofAustralian-based human resources in India and freeing up our Australian basedteam to drive local projects forward. Selvakumar has engaged with and is advancingdiscussions with significant counterparties related to the Coldry and Matmortechnologies though the discussions are yet to reach written agreement stage.Further announcements regarding these discussions will be made in line withcontinuous disclosure obligations. NLC remain eager to progress a project, howeverthey acknowledge the required access to source iron ore fines and a broaderdesire to partner with a steel industry leader as they do not have internalexpertise in this area and see it as vital to entering that market from aposition of strength. I hope this helps and please let me know if youhave further questions.
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Thanks for sharing your email of 3rd June.So what exactly has Mr Selvankumar been doing for the last 5 months.I'am not directing this question at you but ECT BOD as we all know they read HC forum.I hope we are not going to be taken for another 2 year ride like NDMC and $600k later TO BAD HOW SAD.
(20min delay)