So this is what Boulder was up to amoungst all the suspense in the last 12 month. From the story of "project stalled" in April to photo of Peter Wallner with MCC International in May.
This MOU is rock solid as now Boulder is working with a huge co. that is ranked by Frobes Magazine as #380 in the World's top 500 in 2009. MCC is also ranked #32 in China.
So what are the keywords in today's ASX announcement? Will they're all highlighted in black so it's fairly easy to see. There is the MCC WISDRI's involvement too, which is excellent as they'll look after the technicals.
However: Project Funding and to commence Joint Project Development is what's all about.
Another poster has also raised the question of ABS? I think Boulder needs to release this detail sooner than later. Perhaps MCC is also looking at investing in the down stream processing plant in Saudi Arabia?
Anyway good luch shareholders and may Boulder Steel ends the year with a big bang to the share prices.
Cheers
Masterfoods
BGD Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
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