No news after MOU finished, MAK directors flying to India after, it all seems a bit fishy.
Just speculating I would say, that NMDC found something in the DD (similar maybe to the reasons it terminated talks with Vicinity COal in russia maybe)and walked away then the directors have made a ditch attempt to get them on board and flown to India to negotiate.
Speculating highly but it seems like NMDC has walked on this one, from lack on news and facility.
Ann: Minemakers Secures $15M Equity Facility , page-7
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