Announcement from 19/11/18 is pretty clear that it may not be a cash payment.
Project bond to be issued in favour of NLCIL and NMDC:
The bond will be in the amount of ~AUD3.5M or 10% of the PCC approved capital budget, whichever is the higher amount.
The bond will be in the form of either:
A bank guarantee; or
Such other suitable financial instrument as agreed between the parties.
I also think this sentence from today is pertinent:
In parallel to the above mentioned approval activity with NMDC and NLCIL, the Company is progressing its preparations to meet these commitments before execution of the major capital works contracts. (not financial close or RCA signing)
- Forums
- ASX - By Stock
- ECT
- Ann: India Project Proceeds to Next Stage
Ann: India Project Proceeds to Next Stage, page-50
-
- There are more pages in this discussion • 407 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ECT (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.929M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $1.516K | 507.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 21223977 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 8115583 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 21223977 | 0.002 |
19 | 30050024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 8115583 | 8 |
0.004 | 9119578 | 13 |
0.005 | 5286335 | 28 |
0.006 | 5238567 | 9 |
0.007 | 2428333 | 3 |
Last trade - 10.23am 14/08/2024 (20 minute delay) ? |
Featured News
ECT (ASX) Chart |