That's precisely my point - your guess is as good as mine; we...

That's precisely my point - your guess is as good as mine; we simply don't know.

All I do know is that the company used very clear and unambiguous language, no ifs or maybes, when it announced on 17 May that the Indians 'will visit Australia to sign India’s largest-ever joint R&D agreement with an Australian company' on 24 May.

They must have been delighted to get that kind of confirmation from the Indians. And I imagine they must have been really livid when the Indians delayed the visit after the company had only just announced it in such strong and confident terms.

Meanwhile, the Indian executives talking to the Indian press seem to be conveying less certainty, as in

'Senior executives of NMDC Limited and NLC India Limited are expected to visit Australia to sign a joint R&D agreement'

and that they 'may invest over USD 26 million for setting up an R&D facility'

and that a 'final decision will be taken with regard to the signing of MoU with ECT' by NMDC at its board meeting on 28 May.

Who can you believe? There's just no certainty atm. And the Indians imo have mucked the company around before with dates and timelines.

It would help if the company could clear it all up for shareholders and let the market know what's going on with these conflicting messages.

Cheers and GL.
All imo.

https://energy.economictimes.indiat...-aussie-ect-for-usd-26-mn-rd-project/64252006

https://stocknessmonster.com/announcements/esi.asx-3A493496/