Hey @user66six , that gentleman was me! :) Nothing to add here,...

First 15 Last

Share
Profile

Follow
pevaix

170 Posts.

94

01/12/16

17:09

Post #: 21036710
Share

Originally posted by user66six ↑

I attended the AGM. One gentleman asked what the progress was on initial goals set out in the presentation released earlier this month (slide 38). Off memory, they said they're continuing to seek key management and all the steps for the MOU (2) are completed.

This MOU sent a team of inspectors to the India office and were very thorough in their inspections, including getting the green light from local government and even ensuring the space between computer monitors was up to standard. As of now, all that is required is patience as the MOU deliberates weather they should advance further or not.

PC, MF and MW replied with very confident and cheeky grins at the prospect of our second MOU coming on board and insisted they had fulfilled all the steps required by MOU. "The ball is in their court", I believe they put it, and the next thing that can happen will either be a yes, a no, or a "we need more information before we say yes".

They also confirmed Mr. Blake has been working full time for the last two weeks. His role is to coordinate with the liscensees who coordinate with their respective practises for effective roleout of our services.

All taken from my context but hopefully the gentleman that asked the questions/others that attended could have things to add or correct me on this. GLTAH. IAM beaming!

Expand

Hey @user66six , that gentleman was me!

Nothing to add here, you summarised all aspects of their response well... hopefully the green light for MOU2 is just around the corner!

IAM Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

End of FY is a time to juggle wins, losses and capital gains taxes

Eurozone-based companies find new ways to secure a regional lithium supply

Time for retail therapy buying in the shopping Scentre for hot stocks

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE