Does anyone have any thoughts on the Bhushan Steel LTD contract getting terminated ? It was for 1/2 mil ton a year Were they pushed out or pulled out themselves?
Also the feasibility study for a power station by CESC LTD has been terminated. These guys have 12 million shares that they bought for 82c a while back. Im not sure if these guys that kept us in the game 2 years ago by stumping up cash in the raisings and signing off take agreements are now being pushed aside to let the bigger boys in. I suppose that is business and I don't care as long as PJ gets us up and running and I get some return just wondering what you guys make of these terminations? I didn't see any explanations in the quarterly
Cheers
RES Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
