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Ann: Significant Step with Iron Ore Sales Achieved, page-10

  1. 12,163 Posts.
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    And one more thing to note here regarding the Indian method of working - most/major decisions are "avoided" pre-Diwali i.e. if there is any agreement to be signed off it is considered to be auspicious on the 5th day after Diwali (Diwali is on the 23/10) so if the buyer of our original 7,000 tonnes is to confirm his order, he will probably wait till the 28th of October to sign on the dotted line (if he is a Hindu) and this buyer is more likely to be a Muslim buyer based on the timing of the deal...

    Just my observations from the timing of the announcement, nothing else....

    I am very excited at this piece of news and hope to see more of similar news on the back of this experience (India is one of the place where word of mouth trumps everything else)... the fun times begin
 
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