black coal under $55 per ton?, page-13

~ But only the big player thanks!

ESI has canned what (Tincom) is hopefully going to be seen as an inferior deal anyway.
And hopefully his time, the next major player will tow the line instead of fumbling at crunch time, which is what i suspect Tincom did...

I personally think prospect of a better deal is obvious. I use this statmenet as an example which shows the onus was on Tincom and when Tincom failed the agreements (and required a further extension) ESI briskly jumped off the train, fully aware of both its marketplace and rights:

"The Directors of ECT have decided it is not in the best interests of ECT and its shareholders to further
extend the time for satisfaction of these fundamental conditions of the JVA".

Two analogies to show my sentiment:

Why would you ditch a heavy old steel campervan?
- You would ditch it for a lightweight better valued plastic/aluminium one.

Same as with anything...and in todays market, you don't cut your nose to spite your face - and so in my opinion ESI Directors have not done that either, but on the contrary the Directors are hinting all the good hints towards a substantial face-lift...with a chinese surgeon.

Cheers