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clock Created with Sketch. 13/12/19
17:43
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Originally posted by chin4
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I didn't attend the AGM but know some who did. Below is my take on things.the insurance coverage was further testament to the facility risk management of the executive in protecting this asset" value proposition of spending ~$4-$5m to produce $3m in earnings, represents a strong economic driver for proceeding with the development "not even claiming expenses let alone a $300,000 sales. By all accounts he is old school/old fashioned & very ethical. He won't accept any monetary help of any kind until a deal is done. It's a VERY unusual situation & it obviously works extremely well for ECT. He is not even on a say $20kpa retainer where he could stall for years. If he exhausts all his contacts/leads without a deal then imo we can safely say ECT techs are not as good as we all thought. However, that is not the case at this point. He worked at NLC for nearly 40 years & rose to be a director. This guy knows NLC inside/out & he knows NLC are still very keen on ECT. He also knows the Indian steel making scene inside/out. Apparently at the AGM it was mentioned he is talking to 4 groups - a mixture of publicly listed & private groups. We have seen the SAIL articles so I assume they are one of the 4. So, Mr Selvakumar ticks all the boxes in our opinion. Brilliant.Steelvia forum Dubai September 2018:" Ashley Moore will be discussing Topic: Coldry & Matmor.Ms Aditi Tarafdar will be discussing Topic: Coldry & Matmor Head Of Department (Process Metallurgy & Ferro Alloys), M N Dastur & Co, India"
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You state ECT are getting quotes in India to build BM.Are you referring to the Bacchus Marsh in Melbourne.
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