It's no surprise that you think this way, but, if the Indians wanted to squeeze ECT further, then they had every opportunity to do so, by leaving the original expiry date at 31/7.
However...
Our Indian partners requested the extension to the sunset date for the MOU to the end of August 2018. Their legal advisers were concerned that if the sunset date was set at 31 July and financial close was subsequently missed by even one day, then the MOU would expire, and a new agreement would be 5 required that would necessitate initiating the approval process again which would have delayed the project further than the potential one-month extension mentioned in our announcement.
https://www.asx.com.au/asxpdf/20180605/pdf/43vk0mmcjrkjjp.pdf
Far too many conspiracy theories circulating through here.
Ann: Shareholder Update - India Project, page-76
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ECT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $11.10M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $1.099K | 366.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 16509452 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11612010 | 27 |
View Market Depth
| Last trade - 15.59pm 25/06/2024 (20 minute delay) ? |
| ECT (ASX) Chart |