Exactly Lighthouse,
Once you take out the money to pay the bondholders, the forecasts for a profitable '13 is blown out the water.
Adani royalty want come online till 2016 at least.
Jeez, that's one long "final" stage of legal documentation for the GCL deal. Almost 6 months since that "apparently" entered the final stage (which I take to mean, a summary and conclusion section plus signatures)...
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