I think you will be wrong on this occasion.
My intention has been to highlight that local activity is just as important as the India project. That ECT has a solid future in front of it with what is happening locally, our immediate future doesn’t hinge on a positive India outcome.
Having said that I firmly believe NMDC will provide the go ahead and we will build the Matmor plant in India, but I don’t think anyone really knows when that will be, including some of the employees at NMDC. My personal opinion is there will not be an April board meeting, I could highlight Easter as well but it’s just my view that the election may cause some directors to not be available during this time.
I might be wrong.
Ann: Shareholder Update - Local Activity, page-78
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